Bill Combs @billcombs 1y Nike reported earnings today and the stock is down after the results 7 %. Anyone buying $NKE-3.8%stock on this drop ? Nike NKE $63.30 -$2.51 -3.81% Market Cap 94B P/E 20.89 Div. Yield 2.43% EV 97B P/S 1.96 Payout 49.62% 9 Share
The price doesn't seem to me to be significantly low
It still doesn't seem downright cheap to me. I would see a fair price somewhere more towards 80$. It's hard for me to rate moat as well, since fashion trends change pretty quickly.
Nice drop and potential buying opportunity. 😊