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Is It Time to Buy Nike, Inc. Stock?

2014-09-18 21:15:21| Footwear - Topix.net

But its impressive rise certainly hasn't been a straight march upward. Instead, patient investors in the $70 billion company have had to weather some surprisingly large drops and pops along the way, especially compared with the more steady climb of The Dow Jones Industrial Average of which it is now a component: Nike stock isn't cheap, but ... To be sure, Nike stock looks expensive trading around 27 times trailing-12-month earnings, and nearly 21 times next year's estimates.

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