Nike: Why Even An 80% Drawdown Doesn't Make This Iconic Brand A Buy (NYSE:NKE)
· seekingalpha.com
Nike faces its deepest operational crisis in decades, with shares down more than 80% from highs and a forward P/E of 25–30x. Click for more on NKE.
This deserves an introduction more so than most other companies. I’ve invested for more than 15 years, and I have a hard time remembering a well-established b...