It’s not often that investors can find a company that’s just over $100 billion in market capitalization, not to mention owning a brand that is globally recognized as premium and commoditized, trading near its yearly low prices. This is why shares of Nike Inc. (NYSE: NKE) have come to be as interesting as any other in the market, especially within the retail sector, despite what the recent data may suggest about the space.
Considering that the stock has been shot down after its recent quarterly earnings results, investors may be wondering whether it is now time to forget about this brand and its promise for a recovery rally, or if there’s a chance that it might ever return to its former glory and reclaim its place as one of the strongest international brands in the sportswear market today.
