NIKE, Inc. Buyback
OLI recorded this information on 9/19/2012
NIKE, Inc. announced that its Board of Directors has approved a new four-year, $8 billion program to repurchase shares of NIKE's Class B Common Stock. The Company's current $5 billion share repurchase program will be completed during the second quarter of fiscal 2013, and the new program will commence upon the completion of the current program.
NIKE's principal business activity is the design, development and worldwide marketing and selling of athletic footwear, apparel, equipment, accessories and services. Co. focuses its NIKE Brand product offerings in six primary categories: Running, NIKE Basketball, the Jordan Brand, Football (Soccer), Training and Sportswear (sports-inspired lifestyle products). Co. also markets products designed for kids, as well as for other athletic and recreational uses such as American football, baseball, cricket, golf, lacrosse, skateboarding, tennis, volleyball, walking, wrestling and other outdoor activities. Co.'s athletic footwear products are designed primarily for specific athletic use.
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Strong Buy (3.61 out of 4)