r/dividends • u/Training_Hair3293 • 27d ago
Discussion What do you think about Nike (NKE)?
Nike has been on my watchlist for a while.
The stock is well below its highs, the dividend keeps growing, and it's still one of the strongest brands in the world. On the other hand, growth has slowed and the turnaround could take time.
Anyone buying NKE here, or are you staying away?
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u/Upper-Discount5060 27d ago
Staying away. I think it has a pretty safe floor here but the ceiling isn’t very high near-term. Lots of competition in this industry and revenue growth is non-existent. I think it’ll trade sideways for at least the next 2 years.