1 Stat That Makes Nike Hard to Ignore This October
Nike's sales forecast offers a clear message that more trouble could be ahead.
Overview
After a profitable company has fallen so out of favor and the stock price has been so beaten up, a feeling can build that the sell-off has been overdone. That may be what some feel about, or are hoping for, with Nike (NYSE: NKE), as the share price has fallen 77% over the past five years.
That said, there's one stat that's hard to ignore when considering whether to start or add to a position in the iconic shoemaker.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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