NIKE (NKE) STOCK JUMPS 15%, TURNAROUND IN PROGRESS — AN OPPORTUNITY FOR THE LONG TERM INVESTOR
By Nigam Arora Opportunity There is a likely opportunity in Nike (NKE) stock for the long term investor. Stock Decimated NKE stock has been decimated due to falling revenues and profits for the following reasons. Allinating wholesalers Allinating retailers Design mistakes Slowing sales in China Ex-CEO with tech background not in tune with retail Earnings NKE reported earnings in line with the consensus and worse than the whisper numbers. Turnaround Nike (NKE) has a new CEO who is laser focused on turnaround. The conference call was very positive. The turnaround is in progress. The company believes the sales have hit the





