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  • WORD ON THE STREET: NIKE TRADING TO MIXED REVIEWS

              Nike stock value was examined by MA-based Dreman Value
         Management Money Manager John Dorfman for BLOOMBERG BUSINESS
         NEWS.  Dorfman noted that Nike has seen its stock fall 20%
         this year, and that with Standard & Poor's 500 up about 33%
         for the year, Nike has trailed the market by some 53
         percentage points -- "a truly awful performance."  Sands
         Brothers & Co's Brad Cohen last week "slapped a 'sell'
         recommendation" on Nike.  Cohen doesn't think the stock will
         be a "timely purchase" for another 12-24 months, though he
         said he might reconsider if the stock drops below $44. 
         Currently, it's trading between $47 and $48.  Dorfman
         reported that analytical opinion "is pretty evenly split on
         Nike," noting that the Bloomberg recommendation database
         shows 13 "buy" recommendations, nine "holds" and two "sells." 
         Dorfman concluded that Nike "will show zero growth in
         earnings" for the current FY, with "about" 15% growth next
         year.  Dorfman: "So is the stock cheap enough to buy?  Not
         for me.  My job is to try to buy stocks when they're
         unreasonably cheap" (BLOOMBERG NEWS/SEATTLE TIMES, 12/7).
    
    

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