Is It Time to Just Buy Nike Stock as a Turnaround Takes Hold?

It's been frustrating to be a Nike (NYSE: NKE) investor the past few years, but investors cheered after new CEO Elliott Hill indicated that the worst was now behind the company after it reported its fiscal fourth quarter results.Nike shares surged on the results, which topped low expectations, although the stock is still down on the year and more than 20% lower over the past five years.Let's delve into Nike's recent earnings to see why now is a good time to pick up shares in the iconic sneaker and apparel maker.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool