Nike wins teen vote, but this footwear stock has an advantage, trader says (via TradingNation)
, Crocs may have an advantage, Gordon said, qualifying that he would watch the company's late October earnings report to see what it said about sourcing from Vietnam.
"They have increased their debt lately, which is an issue, but they are a direct-to-consumer operator. Half of their revenue comes from there where the other names ... are wholesale revenue sourced," Gordon said. "[Crocs'] operating margins are far superior as they're tapping this digital leverage.""The demand is very there for Nike," Chantico Global founder and CEO Gina Sanchez said in the same interview. "I think it's one of the better picks.
With 50% of its shoes sourced in Vietnam, Nike will continue to face a "significant challenge" heading into the holiday season, Sanchez said. "Once those shoes get made, transit times are twice as long," she said. "Nike has a lot of challenges in order to get the shoes stocked on the shelves in time for the holiday rush."
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