No one is buying the dip.. stock price basically unchanged since the big drop… Wall
Street thinks the price can get even lower. no one expected to bounce all the way back to the 90s, but typically there would’ve been some clawback by now we have seen zilch. The next few earning reports are going to reflect the six months of low productivity and low employee morale so Wall Street might be right.
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Nike needs to rebuild its culture. It will take years if it’s to happen at all.
Nike is far from cool for kids today. As next generations come the stock with continue slide.
Buying the dip is useless for short term investing - it may work for NKE stock in the 5-10 year range.
So why on earth would I choose to invest in NKE over MSFT, NVDA, GOOG, or AMZN ?
Morale has not improved. The beatings will continue.
Gonna be a slow slide to the bottom unless they fire JD and bring in someone that Wall Street trusts and is proven. But nobody smart is going to want to jump into this sinking ship, so at most we'll get yet another BSer.
@jez+1tkByu0G Morale is in the toilet!🤣 cracked me up! Yes Indeed
Everyone knows Nike is f-c*ed, terrible directionless leadership, clown CEO & CFO under investigation for fraud, putrid products, stale brand that is not cool anymore. Morale is in the toilet, problems will not be fixed anytime soon the stock is going to be below $50 in 3 months.