Nike: Dump On The Rally
- Nike has rallied back to $130 without a snapback in earnings being reported.
- The athletic footwear company has already seen a large boost in sales during covid and a huge risk is the company giving back some of those sales.
- The stock is priced for near perfection at 27x FY25 EPS targets while the market appears to ignore the worse case scenario where massive EPS growth doesn't occur.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »