Salvatore Delle Palme

On Nike $NKE I’ve liked Nike ever since I put on a pair of Windrunners in 1997. They made me feel like I could fly and helped me train up to a few decent races in varsity track. Since then, I’ve always had a preference for Nike gear. I can usually find something great at an affordable price, something I can’t say about many of its competitors. Last year, I noticed the stock was tanking and started buying. It’s a standard bet on a Nike business recovery: renewed growth in Asia, a reset after the direct-to-consumer boom and bust through Covid, and a return to sharper execution. But it’s also more than that. Nike is one of America’s most indelible global brands. Billions of people know it, and the company still has massive scale, deep category leadership, and decades of R&D across running, basketball, football, training, and lifestyle. I just can’t reconcile the current stock price of $44 with that brand value, especially given that management has clearly acknowledged past mistakes and has already been refocusing the business in a better direction for some time. Nike is also close to Dividend Aristocrat status, with 24 straight years of dividend growth. If it reaches 25 years, it joins a group of only 70 S&P 500 companies with that distinction. That matters because dividend-focused funds, income investors, and institutional mandates can create incremental demand for companies with that status. The stock is down roughly 76% from its all-time high near $179. A full recovery would imply 317% upside from $44. I think that is possible within 3 years in a bullish scenario, while my base case is 5 years. Despite that immense upside, I wouldn’t be posting today if Nike were already back at $65. I think there’s a special double-whammy opportunity here that makes it a screaming buy at current levels. Any positive catalyst, even a modest one, could easily see the stock soar back toward $65 in the short term. That alone would imply nearly 48% upside, while investors are also getting the strong longer-term recovery case. That is why @Nike is by far my highest conviction public position.

Pretty fun watch.

how it started how it's going

I ate one almond the other day. Then I felt bad about the water usage, so I thought to myself - well I just won’t make the next 15,000 AI queries I was planning on making

Amazing episode! @arjunsethi schooling us about the congruence and intersection of Catholicism and crypto on @bitsandbips...

Warren and Gensler’s idiotic war on crypto did serious economic damage to the U.S., but probably hurt the Democratic Party most of all.

@seldomsensible @heatguyj81 @Bratt_world The amount of land Israel claims is 0.3% of the Middle East’s land area.

@heatguyj81 @salwilliam @Bratt_world Israel has lost more land than it’s gained, it literally gave Sinai back to Egypt, which is larger than their current borders

Why won’t anyone answer me? If Israelis have the right to self determination, to their ancestral lands of 3000 years ago Then wouldn’t the indigenous people of Canada who have been in Canada 3x as long, also have that right ? 🤔

@heatguyj81 @Bratt_world I’m just pointing out how indigenous people already have unfathomably massive amounts of land in Canada. Any socioeconomic problems they have cannot be due to a lack of land.

@salwilliam @Bratt_world And? Israel keeps expanding so should indigenous people as well? Maybe China should offer them nukes to protect their border.

@jumper42 @HappyPunch 100 lbs. This fight is a joke.

@HappyPunch Sumo guy looks like he has 50lbs on the boxer. Would love to know the weight difference in the fight.

@annhybri “I know.”

I need a nonchalant response to “I hate you”

@babybeginner Males have a 10% performance advantage over females, so a 10% handicap should be applied.

Again. The girls are told they are unimportant. They are simply service animals. There to be support for him. Imagine how they must feel.

Privacy is a human right.

@jtlynch60 @terlinguagirl Great photo. I took the shot in this artpoem in Big Bend. Same place?

Good Night from the Big Bend National Park !

Indigenous people are being brainwashed to believe nonsense by D.C. and Ottawa, ie. white elites handing them trinkets in the form of welfare checks and B.S. narratives, all to discourage them from mounting reasonable campaigns of restitution. The only thing that can help is leadership from within. Instead, they get guys like this who are essentially manufactured by the state to be losers.

This is the sort of toxic attitude that Reconciliation Industry politics also creates in British Columbia. Arrogance, division and hatred. I want a more unified society and that is why we need to dump race-based laws.

@realapp DPOY numbers. Not making 1st team is maybe the biggest snub in basketball history.

Scottie Barnes was the only player in the NBA this season with 100+ STL & 100+ BLK. He made All-Defensive 2nd Team.

@PlayersChoice_ Find me one human being outside the media who picks White. You can’t.

🚨 Who was better defensively this year? Derrick White (1st Team) or Scottie Barnes (2nd Team) 🤔

Name a fat guy with aura:

@mcsquared34 Capitalism is both literally and historically the antithesis of feudalism.

@russjupfl @stevemagness 🙏🙏

Great work Dad! Just let him keep logging the miles. He will grow, muscles will develop, lungs will strengthen, he will get faster. Doesn’t have to be D1, there are kinds of great schools that aren’t D1 that will be an option if he sticks with it and maintains his current trajectory.

If you want to "raise a D1 athlete" here's what works: 1. Stop trying to raise a D1 athlete Support your kid. Let them play whatever they want to play. Drive them to practice But it's got to come from them. They've got to want it. You can't force it. 2. Have great genetics

Bravissimo!