There's nothing wrong with the company. It is just that its competitors are superior by a large margin. Its raw materials cost are also getting higher and higher due to the commodity supercycle. This changes its profit structure alot if Nike don't absorb the higher cost. Don't forget when it quote Nike prices, it also has to look at its competitors.

super cycle of raw material is already happened and not only in oil and gas but in commodity like metal and edible oil. I believe it's short term and you can hedge those upstream player rather than waiting it drop.

Morgan got the power to down grading any stork that they wish, especially the glove stork, yet the acuse they given is absolutely no logic, u see Nickey is a branded product, not the street market like pasar malam cheap scale product, so if market in the red sea,all product need all expect including material cost include, but magni is provided a quality not quantity, so magni can't go mass production, inoder to maintain high quality.