Nike: The Cheapest Valuation In The Last 3 Years

Summary:

  • Inflation is under control in developed economies and emerging countries, a combination that is difficult to achieve and that benefits the consumer sector.
  • Nike has the best financial fundamentals among its competitors, and the most attractive valuation in the last 3 years.
  • The combination of the above factors with the change of CEO, which will bring a new route for sales growth, could be a great opportunity for the investor.

Nike Fans

hapabapa

Investment Thesis

I recommend buying Nike (NYSE:NKE) stock. The global macroeconomic environment seems very susceptible to consumer spending, given that inflation is well controlled in developed economies and emerging markets, a combination that is difficult to achieve.

In


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *