Nike (NKE) trades at 25x FY20 EPS estimates of $3.16, yet people apparently want to buy every dip with the stock at the highs. The better buy remains Under Armour (UA, UAA) trading at about half the P/S multiple of Nike. This bombshell by attorney Michael Avenatti could derail the stock. https://twitter.com/MichaelAvenatti/status/1110213957170749440!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs");Even if the news isn't bad and doesn't alter footwear sales, you don't want to own Nike at such an absurd premium price. Disclosure: Long UA