Michigan State Well Behind Michigan's Nike Deal Nike/Michigan Pact Worth $169M New Nike Ad Not "Short" On Star Power Westbrook Releases Debut Signature Shoe Hackett: UM's Nike Pact Is Nation's Most Lucrative Univ. Of Michigan Spurns Adidas For Nike Tennessee Unveils New Nike Uniforms Nike's Phil Knight Stepping Down In '16 Tennessee Ready For Nike Transition Nike Sees Sales Rise 4.8% In Q4
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Published September 11, 1996
Steven Kaye's "On Money" column in U.S. NEWS & WORLD REPORT surveys analyst opinions on publicly traded sports stocks. San Francisco-based GMC/Seneca Capital Management Managing Dir Eric Munson "likes the outlook" for Ackerley Communications, the publicly traded media company that owns the Sonics. At its recent price of $28/share, it has gained nearly 83% this year, but Munson thinks it can still grow. Bramwell Growth Fund Manager Elizabeth Bramwell "likes Nike," as she feels with the moves into apparel and growth in foreign sales, earnings could go up by a third next year, and another 20% in '98. She also "holds Oakley," noting earnings could go up 25% annually over the next three years. S&P's "Outlook" Editor Arnold Kaufman thinks Sports Authority will "keep growing" by buying smaller stores, and Callaway Golf could exceed annual sales growth of 20% over the next few years as it moves into the golf ball business. Legg Mason Total Return fund Co-Manager Bill Miller notes National Golf Properties, the only real estate investment trust that specializes in golf courses. National Golf's "high dividend yield, currently 6 percent, is a major draw" (U.S. NEWS & WORLD REPORT, 9/16 issue).