CAUTION: Investments in the stock market can and do lose money; they can also provide significant dividend income and rewarding increases in share value. The companies I list here manufacture athletic shoes, a product whose sales are relatively unpredictable and subject to the whims of consumer demand. Past performance is no guarantee of future performance. This data is historical... using historical information is akin to running backwards (it can be a good exercise but be very careful about running into the unexpected). Potential investors should examine all available data about a given stock, including but not limited to Securities and Exchange Commission filings, before investing.
For those who have asked: I Just Did It... bought a few shares of Nike that I later sold.... lost enough money on the stock to buy a pair. On the other hand, but if you want to buy stock to make money: take a look at Burlington Northern Santa Fe Corporation, ING Group NV, or Toyota Motor Corporation.
There are a number of athletic shoe companies (as indicated by their Standard Industrial Codes) that are represented in the various stock markets in the United States (either NASDAQ or NYSE).
Of the nine I have been able to locate, four of them made money for their investors in 1997. The 1998 market has been a major rout for athletic shoe companies, with two big exceptions.
During the first half of 1998, Hyde Athletic Industries changed their name to Saucony, Inc. However, there was no need for their investors
to "Hyde" from embarrassment. Saucony Class A
stock went up a surprising 83.9% during calendar year 1998. NOTE: Historical interest only; Saucony is now a division of Stride Rite.
K-Swiss, Inc. was another winner. It went
up by 65.6% during the year.
During 1998, Nike stock made a 3.8% increase. Not a very good JUMP,
MAN...
Stride Rite, maker of Sperry
Top-Siders, was taking on water fast with a 27.1% price decrease.
Reebok (now part of the adidas group)
didn't finish in the black... with a 48.3% decrease during 1998.
Look
at the red... not the black! VANS
stockholders took a 54.5% loss during 1998. VANS is now part of VF Corporation, the major apparel maker.
While Converse brought out new green Chucks,
their investors sure weren't making any green during 1998. Converse stock lost 60% over
the year. Converse is now a division of Nike.
The stock for the maker of FILA high-tops was down low, with a 62.6% loss in value during 1998. The FILA ADR is no longer publicly traded.
Teva sport sandals aren't supposed to sink. However, the stock of Deckers Outdoor Corporation sank 70.8% during 1998.
Continue onward to
1999's results... Back to "Charlie's Sneaker
Pages!"
Last Updated: 29 March 2008 22:59
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Charlie's Sneaker Pages
copyright 1995-2008 by Charles L. Perrin.
READERS PLEASE NOTE: Names of athletic shoe manufacturers, shoe styles, and technologies may be trademarked by the manufacturers. Charlie's Sneaker Pages uses these names solely to describe the shoes with the same familiar nomenclature used by the manufacturer and recognized by the reader.