Shares of $NKE are up 6% today after Nike said its former CEO will return to the company. That's good news, but the company hasn't been doing well and the stock has been down for a long time.
I previously had $NKE stock in my portfolio and sold it fairly quickly, which was a good decision. I would not buy their stock again.
What's your take on $NKE?
Well if the stock drops even more significantly, it could be a nice buying opportunity.
The financial statements look scary. This is definitely not my favorite company.
The company may be changing management in some way, but that doesn't solve the whole problem.
Well, let's see if this growth will support the results or if the stock will come back down again.