I was watching this Chip Wilson (founder of $LULU) interview yesterday and he mentioned that he had been selling down his 9 percent position in LULU and buying the Nike of China.
I did not know there was a Nike of China . I thought Nike was the Nike of China.
Chip was talking about Anta Sports , founded in 1994.
The stock trades on the OTC markets under the ticker $ANPDF.
I tore off my LULU pants, sold them on Ebay and used the proceeds to buy a few shares myself. The whole thing made me hungry….
I kid the Chinese…
But yes I did buy a few shares.