Nike Stock Massive 50% Drop: Golden Buy Opportunity or Avoid at All Costs?

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Nike, a global giant that has seen its stock price plummet by 50% from its all-time highs. Is this a golden opportunity to buy into an iconic brand at a discount, or is there more pain to come?

Key Points Discussed:
- The Recent Drop: Understanding the reasons behind Nike's dramatic stock decline.
- Financial Health: Analysing Nike’s financial performance and future outlook.
- Market Overreaction: Examining whether the market has overreacted to short-term issues.
- Competitive Landscape: Assessing the impact of competition from brands like Hoka and On.
- Brand Strength: The enduring power of Nike’s brand and its influence on the market.
- Future Prospects: Upcoming strategies and product launches that could drive a recovery.

Nike (NKE) stock price at time of recording (09/07/24): $73.

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