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).