Nike: A Brand Past Its Time Or An Iconic Brand With Temporary Issues (NYSE:NKE)
1. Nike's stock is down 55% from all-time highs. 2. Bill Ackman increased his Nike position by 400%, now 11% of portfolio. 3. Nike faces challenges post-pandemic; revenues and EPS are declining. 4. Valuation doesn't justify investment, competing brands seem stronger. 5. DCF model suggests $95 fair value, risk-reward unfavorable.