Recommendation: Buy Nike (NKE) Green & Gold Fund

Key Investment Points High-growth, significant upcoming opportunities Unfairly discounted valuation following company turnaround Spin off of ABC division will unlock value

Industry Overview Industry competitive dynamics Are products commoditized? Monopoly? ASP going down due to competition? (Impact on profit margins) Industry demand drivers What causes customers to buy this company’s product? Industry trends What kind of shifts in demand are occurring (and what impact on top, bottom line)? E.g. consumer preference for higher-margin green alternatives Growth outlook What are the key metrics of this industry?

Nike (NKE) Company Profile Business profile – How does this company generate revenue? International vs. domestic Growth/earnings outlook Management quality Length of tenure doesn’t equal experience or quality Is management shareholder friendly? Honest? Can they execute? Competitive landscape, product positioning Does company have a sustainable competitive advantage?

3 Year Price Graph (Morningstar) Investment Information Prev Close: 61.03 1y Target Est: 71.40 52wk Range: 51.50 - 67.93 Avg Vol (3m): 3,820,250 Market Cap: 29.68B P/E (ttm): 17.69 EPS (ttm): 3.376 Div & Yield: 0.92 (1.50%) Forward P/E: 3 Year Price Graph (Morningstar)

SWOT Analysis SWOT analysis, and how each point impacts company EPS/valuation multiple Strengths Uniqueness of Products Globalization Strive for continuous Improvement Strong Research & Development Weak Dollar Weaknesses Dependence on Demand for Products in Sales& Marketing Foot Locker- significant Customer ( over 10%) Futures Ordering Program Transportation Costs Opportunities Competitive Advantage in sponsoring athletes Research& Development Trademarks Cost Efficient Marketing Olympic Games in China Threats International Operations and Trade Competition Dependence on Innovation Dependence on high quality endorsers of their products

Investment Thesis In one sentence, answer the question: Why should we own this stock now? Why overweight? Key value drivers Potential Catalysts Key questions Key risks

Portfolio Placement / Recommendation Sector : Consumer Discretionary Industry Group: Retailing Current Holdings: ZUMZ, VCR Target Sector Allocation: 7%, $24,772 Current Sector Allocation: 2.24% , $7,927 Remaining Allocation: 4.76%, $16,845 BUY 130 shares of NKE at Market Price (approx. $8,000, 2.26% of portfolio) Holding Period/Exit Strategy: 2-3 years, Consider selling if stock price rises above $80 or below $40 or if fundamentals change dramatically