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Takeaway: Fortunately for Ackman, this is the one that’ll actually make him some money.

(Under 100 Words) My Take on Bill Ackman's New Nike Stake - znk

(Under 100 Words) My Take on Bill Ackman's New Nike Stake - zack

It pains me to waste any real estate on this.

But re this Ackman/Nike thing. It’ll get press…well…because it will.

Reality check:

  • Activism here is near impossible
  • Getting a Nike board seat – EVER – simply won’t happen
  • Phil Knight owns 75% of the Board and they don’t like outsiders ‘advice’

In the end, this sounds like a good ‘ol boring long by Pershing.

Fortunately for Ackman, this is the one that’ll actually make him some money.

The longer-term TAIL call here is one of the best in retail, and the intermediate-term TREND call is getting better on the margin.

(Under 100 Words) My Take on Bill Ackman's New Nike Stake - etf pro