Has Nike's Stock Bottomed Out?
The footwear and apparel stock has been in a free fall over the past few years.
Overview
Nike (NYSE:NKE) is facing some considerable challenges these days. That much is obvious. The business is struggling to generate much growth, margins are down, and competition is up. Unsurprisingly, the stock hasn't been doing well.
But given how disastrous its performance has been -- it's declined 76% in five years -- investors may feel tempted to buy the shoe stock at its seemingly dirt cheap valuation. This is, after all, still Nike. It's a popular consumer brand, and while it's fallen on hard times, the company is making efforts to turn its business around.
Details
Has the stock bottomed out, and is now a good time to buy it, or is there still the risk that it could go even lower?
Source
Originally published at www.fool.com.