Friday, February 16, 2007

Nike Goes for Huge Stockholder Payoff

* Last week, after writing my blog entry, I decided to go on Yahoo's finance section and see how Nike's stock was doing. It was at around $94 per share. I began to toy with the idea of buying (or telling my Dad to buy) 100 shares of stock. That would have cost $9,400, which is pennies compared to how much money I could have right now. According to a February 15 news release on Nike's website, the Nike stock will be splitting 2 for 1 AND offering dividends to its stockholders.
To make it worse (for me), the stock is currently at $106 per share.
In conclusion, had I gone through with purchasing 100 shares of Nike stock, I could be S11,800 richer. [news release]

* NikeGO Head Start campaign is currently underway! NikeGO Head Start was started to fight childhood obesity. The campaign was launched to increase the quantity and quality of physical activity in America's schools. The campaign's long-term goal is to get full-time physical education classes taught by trained professionals back in every school.
To visit the NikeGO Head Start web site click [here]

Nike, along with the National Head Start Association and SPARK (Sports, Play and Active Recreation for Kids) announced on February 13 that Charleston, W.Va. will be one of the 12 new sites where the program will be offered in the following year. [report]

* On February 15, Nike donated $9 million over the next five years to public schools in Portland, Beaverton and Hillsboro, Ore. The large sum of money was donated in hopes of developing programs, expanding schools and helping better prepare children for the first grade. [report]

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