UPON FURTHER REVIEW
The considered view, once the noise settles.
Every company under dedicated coverage gets an Upon Further Review report each quarter, typically within 3–5 business days of its earnings call. It goes well beyond the sell-side’s earnings recaps: what actually changed, what it means, and an updated financial model. Included in both paid plans.
DEEP DIVES
Original research you won’t find anywhere else.
At least twice a year for every company under dedicated coverage, a Deep Dive goes well beyond the earnings calls, with store visits, channel checks and primary research that most of the sell-side no longer has time to do. Included in the $500 plan.
Why the sell-side rarely does this: read Confessions of a Sell-Side Analyst →
Upon Further Review: Nike (10/12/26)
Sizing Nike's Pace restructuring against 2009 and 2023, what Nike's sheer size means for growth, and a look at regional inventory and the dividend.
Western Investors Rarely Dig Into Asia…
Store checks at athletic retailers in Hong Kong and Japan: HOKA, On and Arc'teryx look strong while Nike is heavily discounted in Japan.
Nike Must Protect This House!
Nike's soft World Cup push in soccer risks handing US ground to Adidas just as the tournament comes to America.
Is It Still “Winning” If You Buy Your Success?
Is Nike's North America recovery real, or bought with heavy marketing spend funded by layoffs and constant reorganizing?
Fashion Island: A "Tight Fit" For Athleisure
Fourth semi-annual mall channel check: softer traffic, tighter promotions, and who is winning in athleisure.
Throwing Shoelaces Against The Shoe Wall
Where Nike's turnaround stands on distribution and product, and why the new Sport Offense structure won't pay off before FY27.
Nike: Pigs At The Trough Often Get Slaughtered
Management called the bottom after 4Q25; we test whether Nike's turnaround is really underway.
Nike Distribution Needs A “Personal Genie”
Distribution, not just innovation, is Nike's biggest problem today, and it may be structural rather than quickly fixable.
Ground Zero in the Athletic Footwear Debate
Why Foot Locker is where the athletic footwear share shift shows up first.
The Potential Nike Turnaround
Moving past the Donahoe blame game to map out what a realistic Nike recovery path could look like.
Nike & John Donahoe
Why the Donahoe hire never made sense, and his attempt to blame Nike's innovation slump on remote work.