$Nike(NKE.US) is a good lesson to trust your real life instincts.
- If you see everyone wearing Oncloud / new balance shoes instead of Nike- You see everyone wearing vuori or lululemon shorts instead of Nike- Even Uniqlo / GU for casual/athletic wear instead of NikeThen the only place you see Nike are at your local Walmart or Ross discount stores.Nike has definitely lost its “cool factor” and when the stock is at 26 fwd p/e, maybe there’s better longs out there.Source: Serenity
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