“If You're a Nike Shareholder... Get Ready! $NKE”
NKE is an attractive buy; the turnaround is progressing and the valuation provides a margin of safety.
If you own Nike stock like I do, or you've been tempted to buy the dip, you need to see this. Nike, one of the most iconic brands on the entire planet, has just crashed to a 12year low.
The stock is down a jaw-dropping 77% from its peak and nearly 40% this year alone.
So, here's the huge question. Is this a rare once in a decade chance to buy a legendary company that's on sale? Or is it a falling knife that could keep on dropping? Let's dig in and stick around because I actually own this one myself and I'm going to share exactly what I'm thinking.