나이키 주가 전망, 주가 폭락 속에 기회는 존재한다.

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나이키의 주가는 최근 11일 연속 폭락하였습니다. 하락의 이유는 중국 시장에서의 부진입니다. 2년 사이에 시가 총액이 46% 증발했으며, 할인 판매에도 불구하고 재고자산이 여전히 높은 수준을 유지하고 있죠. 하지만, 주가 매수의 찬스는 주가의 폭락이라는 공포 속에서 꽃을 피웁니다.

나이키 주가 폭락, 도대체 어떤 상황인가?

나이키의 1분기 실적과 2분기 실적에 대해 궁금하신 분들은 아래 링크를 참조하시면 됩니다. 단, 이 글을 우선적으로 읽으신다면 나이키가 어떤 상황에 직면해있는지 훨씬 이해하기 쉬울 것입니다!

나이키 시총 반토막?

최근 나이키의 주가는 지속적으로 하락 추세에 있습니다. 코로나 상승장 전의 주가로 되돌아왔습니다. 뉴스에서는 2년새 시총이 46% 증발하였다는 보도가 있었죠. 한번 시가 총액이 얼마나 빠졌는지 같이 한번 볼까요?

나이키 시가 총액
나이키 시가 총액

Companies Market Cap의 자료를 보면, 현재 나이키의 시가 총액은 1,488억 달러입니다. 시가 총액이 제일 높았던 2,768억 달러였을때와 비교를 하면, 46% 정도 하락하였죠. 왜 이런 일이 있었을까요? 간단하게 뉴스 자료부터 한번 살펴보고 진행해볼게요!

나이키 재고 상황

나이키 주가 급락의 이유는 높은 재고 상황에 있습니다. 구체적으로 나이키 실적의 큰 도움을 준 중국 시장 내 수요가 저하된 것이죠. 중국 시장 매출액은 22년 2분기 21억 6,000만 달러를 기록한 이후 6분기 연속으로 20억 달러를 밑돌고 있는 약세를 보이고 있습니다.

이에 따라 나이키는 실적 방어를 위해 할인 전략을 선택했지만, 그럼에도 불구하고 중국 시장 둔화로 인하여 재고가 쌓이는 상황이죠. 재고 자산이 84억 달러로, 전년 동기인 84억 달러와 비교해보면 재고가 전혀 개선되지 않은 상황입니다. 이는 4년 평균 재고 자산인 70억 달러를 훨씬 상회하는 상황이죠. 재고가 늘어나면, 자연스럽게 관리 비용이 늘어나게 되어, 현금 흐름에도 부정적이죠.

나이키 상황에 대해 가볍게 보실 분들은 위의 기사를 보시면 되겠습니다. 하지만 나이키의 주주 혹은 나이키 저가 매수 투자에 관심이 있으신 분들은 상세한 실적 분석을 보신 뒤, 마음의 방향성을 정하셨으면 좋겠습니다. 저 역시, 나이키의 현재 주가는 매우 매력적이라고 생각하기에 본격적으로 분석해보겠습니다!

나이키 실적, 23년도 실적 분석

손익 계산서 분석

Financial Highlights

손익 계산서를 이해하시는 데 어려움이 있으시다면, 이 글을 먼저 선행해주시면 이해에 도움이 될 거에요.

나이키-손익계산서
나이키-손익계산서

나이키의 2023년 전체 매출은 2022년보다 향상된 결과를 보여줬습니다만, 영업 이익과 손이익은 감소한 결과를 보고했습니다. 영업이익이 감소한 이유는 감가 상각비의 증가에 있겠죠? 좀 더 세부적으로 분기별로 분석해보겠습니다.

23년 4분기 실적은 직전 분기 대비, 매출과 매출 총이익은 증가하였지만 영업 이익과 순이익은 감소하였습니다. 동일 분기와 비교해도, 매출과 매출 총이익은 증가하였으며, 영업 이익과 순이익은 감소하였습니다.

세부적으로 분기 별로 보나, 포괄적으로 연도 별로 보나 매출과 매출 총이익은 증가 추세이지만 감가 상각비의 증가로 인하여 영업 이익과 순이익은 감소하였죠. 분기 및 연도별 증감 비율은 아래를 참고하시면 됩니다.

  • Revenue : $12,825.00 (+4.8% YoY / +3.5% QoQ)
  • Gross Profit : $5,595.00 (+1.7% YoY / +4.2% QoQ)
  • Operating Income : $1,221.0(-16.8% YoY / -13.5% QoQ)
  • Net Income : $1,031.0 (-28.4% YoY / -16.9 %QoQ)
  • EPS : $1.60 (-26.7% YoY / -16.4 %QoQ)

이번엔 마진율을 한번 살펴보겠습니다. Gross Margin은 이번 분기 43.6%로, 11분기 평균인 45%를 하회하였습니다. Operating Margin은 10%이며, 11분기 평균인 14%를 역시 하회하였죠. Net Income Margin은 8%로 11분기 평균인 12%를 하회하였습니다. 확실히 영업 이익 마진과 순이익 마진이 더 안 좋은 결과를 기록했죠.

상품별 매출 현황
상품별 매출 현황
상품별 매출 현황

23년 전체 상품별 매출은 2022년과 비교해서 크게 달라진 점은 없습니다. Footwear(신발)이 압도적인 비율로 많으며, Apparel(의류)가 다음 비중을 차지하고 있죠. 상품별 매출 비중에 큰 변화가 없으므로 넘어가겠습니다.

지역별 매출 현황
지역별 매출 현황
지역별 매출 현황
지역별 매출
출처 : Statista

위의 사진을 보면, 연도별 지역 매출 비중을 확인할 수 있습니다. 나이키 브랜드에서의 매출을 본다면, 가장 많은 비중을 차지하는 것은 북미 지역이며, 유럽, 중국, 아시아 및 남미 순입니다. 우리는 위의 표를 볼 때, 북미 지역과 유럽 지역은 매출이 연도별로 증가하는 것을 볼 수 있습니다. 하지만, 중국의 매출은 계속 감소하는 추세죠.

중국 상세 매출
중국 상세 매출

그렇다면, 문제가 될 중국의 상세 매출을 한번 보겠습니다. 위에서 우린 중국 매출이 2021년부터 순차적으로 감소하고 있는 것을 알게 되었죠. 2022년은 2021년에 비해 신발과 의류 매출 모두 감소한 것을 볼 수 있습니다. 2023년은 2022년에 비해 신발 매출은 증가한 반면, 의류 매출이 큰 폭으로 감소하였죠.

대차 대조표 분석

대차 대조표 분석
대차 대조표 분석

부채 비율은 168%이며, 유동 비율은 272%, 당좌 비율은 160%입니다. 다소 높은 부채 비율은 유동 비율과 당좌 비율을 봤을 때 단기 현금 조달 능력이 충분하기에 걱정할 거리는 아니죠. 단기채무 / 총채무 비율도 7.55%로 단기 채무에 대한 리스크도 적습니다. 다만, 채무 / EBITDA가 149%로 만들어내는 돈 대비 채무가 더 많은 상황이죠.

대차 대조표를 상세히 보면, 몇 가지의 부정적인 것이 보입니다. 첫 번째로는 현금성 자산의 감소입니다. 2023년 현금성 자산은 약 106억 달러이며, 2022년 약 130억 달러에 비하면 감소하였죠. 이로 인해 유동 자산이 감소하였습니다.

두 번째는 위에서 언급한 것과 같이 재고 자산입니다. 현재 나이키는 재고 자산이 줄지 않아, 주가 급락이라는 무제를 겪고 있습니다. 현금성 자산은 84억 달러로, 전년 대비 오히려 소폭 증가하였습니다.

나이키 재고자산
나이키 재고자산

위와 같이 연도별로 봤을 때, 재고 자산이 지속적으로 상승하고 있습니다. 재고 자산이 감소하는 추세를 아직 확인하지 못하고 있습니다. 그래서 분기별 재고 자산 추이를 한번 살펴보겠습니다.

분기별 재고 자산
분기별 재고 자산

어떤가요? 일각에서는 지금 재고 자산이 정점을 찍고 감소하고 있는 추세라고 합니다. 저 역시 분기별 데이터를 본다면 재고 감소라고 생각이 들어요. 다만. 이렇게 판단하기엔 다소 이를 수도 있단 생각이 듭니다. 연도별 데이터는 작년과 동일하기 때문이죠. 최근 중국 부동산의 파산과 디플레이션 문제가 있는 상황 속, 나이키의 재고 자산이 긍정적으로 변할지 의문입니다.

현금 흐름표 분석

현금 흐름표
현금 흐름표

2023년 영업 활동 현금 흐름은 2022년에 비해 증가하였습니다. 순수익이 크게 감소하였음에도 불구하고, 왜 이런 결과가 나왔을까요? 이는 매출채권과 재고 자산에 있습니다. 못받았던 돈을 받음으로서, 현금 유입이 생겼으며, 못 팔았던 재고 자산으로 유출되었던 현금의 폭이 감소하였죠.

2023년 투자활동 현금 흐름은 오히려 현금의 유입이 생겼습니다. 이는 단기 투자를 전년 대비 줄였기 때문에 그렇게 되었죠. 재무 활동 현금 흐름은 크게 증가하였습니다. 보통주식 매입과 배당금에 더 많은 비용을 투자하였죠. 이는 투자자들에게 주가 방어와 주주 친화적인 정책이므로 긍정적인 요소이죠.

요약

2023년 재무제표를 본다면, 관망이 좀 필요한 상황이라 볼 수 있을거 같아요. 보통주 매입과 배당금 등 주주 친화적인 자세를 취했습니다. 중국 거시경제의 어려움으로 줄어들었던 재고 자산이 다시 반등할 가능성도 있다고 생각됩니다.

매출과 매출 총이익은 지속적으로 증가하지만, 감가 상각의 증가로 인하여 영업 이익과 순이익은 감소하였죠. 마진율 역시 지속적으로 감소하고 있습니다. 중요한 것은 중국 시장이라고 판단됩니다. 북미와 유럽 지역에서의 매출은 계속 증가하는 추세인반면, 중국 매출이 감소했기 때문이죠. 따라서 중국 경기가 좋아져야 중국에서의 매출이 증가되며, 재고 감소까지 생각할 수 있겠죠?

나이키 주가 급락하고 있는데, 투자해도 될까요?

경쟁사 비교

나이키의 주가 급락에는 재고 자산의 증가와 중국 시장에서의 둔화를 이유로 뽑을 수 있겠죠.지금 상황에서 경쟁사와 비교를 통한다면 투자 결정에 큰 도움이 될 것입니다. 만약 경쟁사 역시 이런 현상을 겪고 있다면 이는 거시 경제의 영향이며, 아니라면 나이키의 문제라고 파악할 수 있기 때문이죠.

나이키 주가 비교
아디다스, 퓨마와 나이키 비교

나이키는 아디다스와 퓨마와 비교해보면 어떻게 보이나요? 아디다스와 나이키는 공통적인 특징이 있죠. 2019년에서 2020년에 매출이 감소한 것을 볼 수 있습니다. 하지만, 나이키는 21년과 22년에 안좋았던 20년을 바닥으로 19년의 고점을 뛰어넘는 매출을 기록했죠. 하지만 아디다스는 아직 19년 매출을 넘어서는 값을 기록하지 못하고 있습니다.

퓨마는 꾸준히 성장하는 모습을 보이고 있습니다. 하지만 나이키의 매출 성장세보다 약세인 모습을 볼 수 있죠. 근데, 여기서 제안을 하실 분들이 여러 분 계실겁니다. 위의 내용에서는 나이키의 매출보다는 영업이익이 문제가 되었다는 사실을 근거로, 영업 이익을 비교하는 것이 좀 더 타이트한 관점에서의 비교를 해보자고 말이죠.

영업 이익 비교
분기별 영업 이익 비교

그래서 영업 이익도 비교할 수 있는 사진을 가져왔습니다. 어떤가요? 일단 아디다스는 안좋았던 시기 영업 적자까지 기록하는 부정적인 모습을 보였습니다. 나이키 역시 마찬가지로 최근 영업 이익의 하락세를 볼 수 있죠. 퓨마는 겨우 영업 이익을 기록하고 있는 실상입니다.

재고 자산의 감이
재고 자산의 감소 추이 (vs ADIDAS, PUMA)

그럼 재고 자산도 같이 한번 비교해보겠습니다. 분기별 재고 자산의 추이를 봤을 때 어떤가요? 나이키의 재고 자산 감소 추세가 가장 확실합니다. 아이다스는 소폭 감소하는 모습이 보이며, 퓨마는 거의 일정해보입니다.

그럼 우리가 내릴 수 있는 결론은 나이키는 투자를 해도 된다는 사실입니다. 현제 나이키가 겪는 문제는 순전히 나이키의 개인적인 문제라고 보기엔 어렵다는 것이죠. 뿐만 아니라 나이키가 격고 있는 문제는 아디다스 역시 겪고 있는데, 이런 상황을 탈피하는 모습이 나이키가 가장 빠르다는 것입니다.

나이키 목표 주가

나이키 목표 주가
나이키 목표 주가

씨킹알파에 따르면, 나이키의 목표 주가는 127.84달러로 현재 주가 대비 약 31.54%의 상승 여력이 있는 상황입니다. 상당히 안전 마진이 있는 안전한 상황이라고 할 수 있죠. 위에서 언급한 시가 총액이 절반 가량 떨어진 것과 안전 마진이 충분한 상황을 볼 때, 남들이 보기엔 위기가 우리에겐 절호의 찬스라는 것입니다.

나이키 밸류에이션

밸류에이션
밸류에이션

분기별 밸류에이션을 본다면, PER은 최근 10분기 평균보다 낮은 저평가 상태입니다. PBR과 PSR 역시 저평가 상태이죠. 사실 여기서 EPS가 증가하는 상황이라면 더할 나위없이 좋겠다만, 주당 순이익인 EPS 역시 10분기 평균보다 낮은 상황입니다. 영업이익과 순이익이 감소하는 가운데 단기적인 어려움으로 인하여 영업이익 및 순이익과 밸류에이션이 동반하락한 모습이죠.

나이키 현재 주가 상태

나이키 주가 상태
나이키 주가 상태

GURUFOCUS 자료에 따르면, 현재 나이키의 주가는 확실히 저평가되어 있는 상태입니다. 위의 밸류에이션에서 볼 수 있듯이 확실히 저평가 상태라는 것을 알 수 있었죠. 위의 자료를 통해 더욱 확실히 어느 정도인지 파악이 가능합니다. 현재 주가 상태는 -40% 수준이니 이는 2022년 고인플레이션으로 인한 폭락장의 말기와 같은 수준인 것이죠.

나이키 : 매수를 하고 싶다면 여기에서!

매매 타이밍은 차트 분석으로 다룰 겁니다. 차트 분석에 대해 여러 가지 관점이 존재하기에, 100% 정답은 없습니다. 제 차트 분석을 보기 전에 기본적인 설명글을 우선적으로 봐주셨으면 해요!

나이키 차트 분석
상 : 나이키-일봉 / 하 : 나이키-주봉

지지 및 저항 라인 분석

지지 라인 : 96달러 / 85달러

나이키 역시 지금 과매도 상태라고 할 수 있습니다. 200일 및 200주 장기 이동 평균선보다 주가가 낮게 형성되어 있는 상태이죠. 이게 무어을 의미할까요? 지금 과매도라는 것입니다. 지금 일봉과 주봉에서 매수의 적기 시그널이 나오려고 하는 상태입니다. 즉 1차 분할 매수를 해도 충분히 합리적이 선택이죠.

1차 지지 라인은 코로나 폭락 전 고가 등을 포함하여 지지 및 저항이 발생된 매물대입니다. 85달러 역시 고인플레이션으로 인한 폭락으로 형성된 저점이죠. 과거의 매물을 통해 지지 라인을 파악한 것입니다.

따라서 1차 매수는 96달러에서 하고 2차 매수를 85달러에서 하여, 평균 단가를 90.5달러 수준에 맞춰 놓는다면, 중국 경제가 개선되는 상황에서 나이키로 인한 수익을 볼 수 있지 않을까 싶습니다.

저항 라인 : 100~105달러 / 115달러

단기적으로 나이키의 주가는 100~105달러에서 볼린저 밴드의 상단이 위치한 가격으로 인하여 저항이 발생할 확률이 큽니다. 또한 115달러에서 200일 및 200주 장기 이평선이 위치한 가격이기도 합니다. 따라서 단기적 저항은 100~105달러에서 발생될 확률이 크며, 115달러에서 중기적 저항이 발생될 확률이 큽니다!


이상으로 나이키의 기업 분석과 주가 분석에 대해 진행을 해보았습니다. 사람마다 기업과 차트를 보는 관점이 매우 다르기 때문에, 저랑 다른 관점이 나올 수 있습니다. 그렇기 때문에, 긍정적인 피드백을 통해 서로 진전한다면 너무 좋을 것 같습니다!

원칙에 준수한 투자를 하고 있습니다. 펀더멘탈과 차트 분석을 통해 종목을 진단합니다.

903 thoughts on “나이키 주가 전망, 주가 폭락 속에 기회는 존재한다.”

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      응답
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      응답
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    • 그 방법은 정말 긍정적인 것 같아요!!

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      응답
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    • 중요한 것은 중국의 거시 경제에 따라 달라질 것이겠죠.

      그리고 주가가 지금 순조로운 것을 보니, 큰 문제를 반영하지 않는다는 것을 의미하고 있습니다.

      응답
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    응답
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  62. My developer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on a variety of websites for about a year and am nervous about switching to another platform. I have heard great things about blogengine.net. Is there a way I can import all my wordpress posts into it? Any kind of help would be really appreciated!

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  63. Hello! This is my first visit to your blog! We are a group of volunteers and starting a new initiative in a community in the same niche. Your blog provided us beneficial information to work on. You have done a marvellous job!

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  65. Hiya! I know this is kinda off topic nevertheless I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog post or vice-versa? My website discusses a lot of the same topics as yours and I believe we could greatly benefit from each other. If you are interested feel free to shoot me an email. I look forward to hearing from you! Great blog by the way!

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  66. Hello there! I could have sworn I’ve visited your blog before but after looking at a few of the articles I realized it’s new to me. Nonetheless, I’m certainly delighted I found it and I’ll be bookmarking it and checking back frequently!

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  68. With havin so much content do you ever run into any issues of plagorism or copyright infringement? My website has a lot of exclusive content I’ve either written myself or outsourced but it appears a lot of it is popping it up all over the internet without my agreement. Do you know any solutions to help prevent content from being stolen? I’d certainly appreciate it.

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  69. Woah! I’m really enjoying the template/theme of this site. It’s simple, yet effective. A lot of times it’s very difficult to get that “perfect balance” between usability and appearance. I must say you’ve done a amazing job with this. Also, the blog loads very fast for me on Internet explorer. Outstanding Blog!

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  70. Amazing blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own website soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many choices out there that I’m totally overwhelmed .. Any suggestions? Thanks!

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  71. Definitely believe that which you stated. Your favorite reason appeared to be on the net the easiest thing to be aware of. I say to you, I definitely get annoyed while people think about worries that they plainly don’t know about. You managed to hit the nail upon the top and defined out the whole thing without having side effect , people can take a signal. Will likely be back to get more. Thanks

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  72. Greetings! Quick question that’s entirely off topic. Do you know how to make your site mobile friendly? My website looks weird when viewing from my iphone4. I’m trying to find a theme or plugin that might be able to fix this issue. If you have any suggestions, please share. Cheers!

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  73. Admiring the persistence you put into your site and detailed information you present. It’s awesome to come across a blog every once in a while that isn’t the same old rehashed material. Fantastic read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.

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  75. I have been browsing online greater than 3 hours nowadays, but I never found any attention-grabbing article like yours. It is beautiful price sufficient for me. In my opinion, if all webmasters and bloggers made excellent content as you did, the net will be a lot more helpful than ever before.

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  76. hello!,I love your writing very so much! percentage we keep in touch extra about your post on AOL? I require an expert in this space to resolve my problem. Maybe that is you! Looking ahead to look you.

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  77. Howdy just wanted to give you a quick heads up. The words in your content seem to be running off the screen in Opera. I’m not sure if this is a format issue or something to do with internet browser compatibility but I figured I’d post to let you know. The design and style look great though! Hope you get the issue solved soon. Kudos

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  78. Hello, i read your blog occasionally and i own a similar one and i was just wondering if you get a lot of spam feedback? If so how do you prevent it, any plugin or anything you can suggest? I get so much lately it’s driving me mad so any help is very much appreciated.

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  79. Hello there! This is my 1st comment here so I just wanted to give a quick shout out and tell you I genuinely enjoy reading your blog posts. Can you suggest any other blogs/websites/forums that go over the same topics? Thanks for your time!

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  80. Its like you read my thoughts! You seem to understand a lot approximately this, such as you wrote the guide in it or something. I believe that you can do with a few percent to pressure the message house a bit, but instead of that, that is magnificent blog. A fantastic read. I will definitely be back.

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  81. Good day I am so glad I found your webpage, I really found you by accident, while I was searching on Aol for something else, Nonetheless I am here now and would just like to say cheers for a tremendous post and a all round exciting blog (I also love the theme/design), I don’t have time to read it all at the moment but I have book-marked it and also included your RSS feeds, so when I have time I will be back to read much more, Please do keep up the fantastic work.

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  83. Yesterday, while I was at work, my sister stole my iPad and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is totally off topic but I had to share it with someone!

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  84. My programmer is trying to convince me to move to .net from PHP. I have always disliked the idea because of the costs. But he’s tryiong none the less. I’ve been using WordPress on numerous websites for about a year and am worried about switching to another platform. I have heard great things about blogengine.net. Is there a way I can import all my wordpress posts into it? Any kind of help would be greatly appreciated!

    응답
  85. Howdy would you mind sharing which blog platform you’re using? I’m going to start my own blog in the near future but I’m having a tough time selecting between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design and style seems different then most blogs and I’m looking for something unique. P.S Sorry for being off-topic but I had to ask!

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  86. Hello! I know this is somewhat off-topic but I had to ask. Does managing a well-established website like yours require a lot of work? I am completely new to writing a blog but I do write in my diary every day. I’d like to start a blog so I can share my own experience and thoughts online. Please let me know if you have any recommendations or tips for new aspiring bloggers. Thankyou!

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  87. Great items from you, man. I’ve keep in mind your stuff previous to and you are just extremely wonderful. I actually like what you’ve obtained here, really like what you are saying and the way in which through which you say it. You’re making it entertaining and you still care for to stay it smart. I can’t wait to read much more from you. That is actually a terrific site.

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  88. I believe everything posted made a great deal of sense. However, think about this, what if you composed a catchier title? I mean, I don’t wish to tell you how to run your website, but suppose you added a title to maybe get people’s attention? I mean %BLOG_TITLE% is kinda boring. You could glance at Yahoo’s home page and note how they write article headlines to get people to click. You might try adding a video or a related picture or two to grab people excited about what you’ve written. In my opinion, it would make your posts a little livelier.

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  89. Woah! I’m really enjoying the template/theme of this website. It’s simple, yet effective. A lot of times it’s difficult to get that “perfect balance” between usability and visual appeal. I must say that you’ve done a very good job with this. Also, the blog loads extremely quick for me on Opera. Exceptional Blog!

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  90. Hi there would you mind stating which blog platform you’re working with? I’m going to start my own blog soon but I’m having a hard time making a decision between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your design seems different then most blogs and I’m looking for something unique. P.S Apologies for being off-topic but I had to ask!

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  91. Thanks , I’ve just been looking for info approximately this subject for ages and yours is the greatest I have came upon till now. However, what concerning the bottom line? Are you sure in regards to the supply?

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  92. Right here is the perfect web site for anyone who hopes to understand this topic. You know a whole lot its almost tough to argue with you (not that I personally will need to…HaHa). You certainly put a new spin on a topic which has been written about for years. Great stuff, just wonderful!

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  93. Unquestionably believe that which you said. Your favourite reason seemed to be at the web the easiest factor to remember of. I say to you, I definitely get annoyed while folks think about issues that they just don’t understand about. You controlled to hit the nail upon the highest as well as outlined out the entire thing without having side effect , other people could take a signal. Will probably be again to get more. Thank you

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  94. It’s a shame you don’t have a donate button! I’d certainly donate to this brilliant blog! I guess for now i’ll settle for bookmarking and adding your RSS feed to my Google account. I look forward to new updates and will share this blog with my Facebook group. Talk soon!

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  95. Interesting blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your design. Appreciate it

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  96. hey there and thank you for your information – I’ve certainly picked up something new from right here. I did however expertise some technical issues using this web site, since I experienced to reload the site a lot of times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I am complaining, but slow loading instances times will very frequently affect your placement in google and could damage your quality score if advertising and marketing with Adwords. Anyway I’m adding this RSS to my e-mail and can look out for a lot more of your respective interesting content. Ensure that you update this again very soon.

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  97. My spouse and I absolutely love your blog and find the majority of your post’s to be just what I’m looking for. can you offer guest writers to write content for yourself? I wouldn’t mind composing a post or elaborating on most of the subjects you write regarding here. Again, awesome site!

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  98. After I initially commented I seem to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get 4 emails with the same comment. There has to be a way you are able to remove me from that service? Kudos!

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