“Nike Stock Has Collapsed - Is It Finally A Buy?”
Avoid NKE; it faces fierce competition and execution risk in its turnaround, while trading at 24x trailing earnings makes it less attractive than perceived.
Nike is one of the strongest brands in the world and historically it has been one of the best performing stocks on the market. It produced over 100,000% returns from its IPO to its peak in 2021.
However, it's now down almost 80% from its all-time highs and the stock is continuing to drop. This has led to many investors wondering if the stock is looking cheap or if there is something truly wrong with the business.