Nike (NKE) has been on a long run. Its journey began 61 years ago, and the company went public in 1980. Its price per share back then, split adjusted, was about one-third of a penny. Now, 45 years after the IPO, the company has changed the way we play and turned “sneakers” into a style.
But recent years haven’t been as kind to shares. NKE stock is down to the $70 level from $180 just four years ago, due to a combination of competitive, distribution, and management issues.
