Nike: A Buying Opportunity For Long-Term Investors

Summary:

  • Nike has the strongest brand of any of its competitors and young people are crazy about certain Nike shoes.
  • I believe problems such as de-stocking are only temporary, and the really important, high-demand items have not been affected or discounted.
  • People are exaggerating the problems and only seeing the negative and not focusing on Nike’s long-term prospects in my view.

Air Force 1 Sneaker

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Thesis

I think Nike’s (NYSE:NKE) falling share price is an excellent buying opportunity because the problems appear to be temporary and the business is still high quality. A lot of people who are selling

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Data by YCharts

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Data by YCharts

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Data by YCharts

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Data by YCharts

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Data by YCharts


Analyst’s Disclosure: I/we have a beneficial long position in the shares of NKE either through stock ownership, options, or other derivatives. 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.


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