Are we buying the dip here? Or is Nike permanently fucked due to On Running / Hoka?

    https://sherwood.news/markets/nikes-stock-had-its-worst-day-in-history-dropping-20/

    Posted by GAMorgan-

    8 Comments

    1. Watch this space, won’t be the last opportunity to come this year ![img](emote|t5_2th52|29637)![img](emote|t5_2th52|4267)

    2. Yes, the most prominent American sports clothing brand in the last decade is completely fucked, sell all your stocks are run. While your at it, dump your life savings into $50 puts.

    3. YorkieCheese on

      I will eat my own shoes if On / HOKA overtake Nike anytime in the next 69 years.

    4. Hot-Luck-3228 on

      Short term could be worth buying.

      Long term, after NFTs, Nike is a toxic stock to touch as far as I am concerned. Screams to me “we have no idea how to increase profits anymore” if anything.

    5. Astronaut100 on

      The PE is still high at 20, given the -10% revenue guidance. Personally, I’ll buy only if it drops another 20%.

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