Nike: Just Buy It

Core Insights - Nike is identified as a high Return on Invested Capital (ROIC) business with sustainable competitive advantages, currently trading at a fair price [1] - The ownership structure, board, and executive team are aligned with strong incentives, indicating a commitment to the company's success [1] - Nike has a straightforward capital allocation policy that is designed to appeal to value investors [1] Company Analysis - The company operates under the principles of good businesses, alignment of interests, margin of safety, and superior capital allocation [1] - Nike's management has a vested interest in the company's performance, which enhances accountability and strategic decision-making [1] - The investment philosophy emphasizes deep value, growth at a reasonable price, and special situations, indicating a comprehensive approach to investment opportunities [1]