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I've been watching Nike (NYSE:NKE) shares for quite a while, but I could never get interested enough to buy any shares because of the valuation. I am still not crazy about the valuation, but I finally
Nike: This Fallen Star Can Rise Again
Summary
- Nike shares have declined significantly, prompting the author to start accumulating shares despite concerns about valuation.
- Nike's strong balance sheet and potential for earnings growth make it an attractive investment opportunity.
- Strategic initiatives, such as cost-cutting measures and upcoming events like the Paris Olympics and Investor Day, could drive future growth for Nike.
Long-time stock market investor focused on strategic buying opportunities with dividend and value stocks. This investment strategy has resulted in a near 5 star rating on Tipranks.com and over 9,000 followers on Seeking Alpha. Follow me on Twitter for my latest trading ideas: @Hawkinvest1
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.
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