The tide may have turned for Nike. The athletic footwear company seems poised to see continued margin expansion and the return of profitability in China over the next year. Emboldened by recent success, management appears confident in the strength of its brand and its capacity to raise prices. Nike also has a double whammy of an opportunity in Brazil, with the coming World Cup in 2014 and the Olympics in 2016. The stock currently trades around $60 a share, but it could top $80 if things go their...
Nike's Massive BRIC Opportunity: China Turning Around And Brazil's World Cup And Olympics Could Take Stock To $80
Forbes - 22 Apr 2013 22:26
The tide may have turned for Nike. The athletic footwear company seems poised to see continued margin expansion and the return of profitability in China over the next year. Emboldened by recent success, management appears confident in the strength of its brand and its capacity to raise prices. Nike also has a double whammy of an opportunity in Brazil, with the coming World Cup in 2014 and the Olympics in 2016. The stock currently trades around $60 a share, but it could top $80 if things go their...
Share this Article
Recommended