How my slides saved me from losing $10k

u/jack_reznor · Reddit — r/wallstreetbets · September 07, 2026 at 12:02 · ⬆ 161 pts · 💬 58 comments  | View on Reddit ↗
AI Summary

Summary

  • The author considered buying $20k of Nike (NKE) stock when it dipped below $80, but changed their mind after comparing the extreme durability of their 24-year-old Nike slides to the poor quality of modern Nike products.
  • The thesis is that Nike's product quality has severely degraded over time (planned obsolescence/cost-cutting), which will ultimately hurt the brand and stock.
  • Quality assessment: Anecdotal speculation. It is a classic "Peter Lynch" style consumer observation, but lacks fundamental financial data or rigorous research.
Score 161
Comments 58
Upvote % 80%
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Ideas
u/jack_reznor Reddit r/wallstreetbets
Modern Nike shoes and apparel wear out significantly faster than the company's legacy products. Noticeable declines in product durability will eventually erode brand equity and consumer loyalty. Avoid investing in Nike, as the underlying product quality no longer justifies long-term conviction. Nike's ability to maintain high margins and pricing power despite lower manufacturing costs.
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This Reddit post, published September 07, 2026, features u/jack_reznor discussing NKE. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: u/jack_reznor  · Tickers: NKE