Could Buying Nike Today Set You Up for Life?
The share price is down 66% over the past five years, prompting investor pessimism about the business.
Could Buying Nike Today Set You Up for Life?
Overview
Nike (NYSE: NKE) is dealing with extremely weak market sentiment. The company's share price has fallen precipitously in the past five years, and it's down 66% as of June 15.
Despite dominating the industry, it's in the middle of a significant turnaround. And investors are finding it difficult to have confidence when revenue isn't growing and profits are declining.
Details
This might pique the interest of contrarian investors. Could buying this plummeting consumer discretionary stock today set you up for life?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
