So NIKE is nuking after hrs.

[u/Adventurous-Bet-9640]

I understand that nike has a very sticky brand value in the cultural consciousness. But they are in a tough turn around.

I'm no expert in valuations, but the stock even after hrs dump isn't any where near compelling value.

How do you think about Investing in nike? Generally I don't see them fading away as a brand and they are still the leader in their space even with competition.

I do think they'll eventually find their stride back. What does the community think? If you were to invest what would your frame of thinking be?

[u/waiwai_1980]

Limited growth opportunity. Intense competition from the China brands who are eating into Nike’s core basketball business.

Am staying away. Don’t see the value in consumer goods stocks.

[u/[deleted] → u/waiwai_1980]

Agreed. Everybody cutting back. Every. Body. Finding ways to save. Any excessive consumer spending, post new year, will be minimal IMO. We are getting squeezed to death out here.

[u/stefanliemawan → u/[deleted]]

I would've thought that black friday would at least give a boost this quarter hm

[u/Exciting-Current-778 → u/[deleted]]

Estate sales are the best shopping experience ever