Nike, Inc. (NYSE:NKE)
CAPS Rating:
The Company designs, develops and markets footwear, apparel, equipment, and accessory products.
Main Street 1; Wall Street 0
The Company designs, develops and markets footwear, apparel, equipment, and accessory products.
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Nike reported a bad quarter and the stock got oversold on the news. The low 90's is a great entry point as it is now trading at 15.5x earnings, well below its historical average of 21x. I'm looking at this as a trade rather than a long-term investment with an exit somewhere north of $100.