Why Nike Shares Plummeted Following Earnings

sportpoint/iStock via Getty Images I last reported on Nike (NYSE:NKE) at the end of March. In that article, I rated the stock as a Hold. The basis for my rating was largely related to the share valuation, but I voiced additional concerns regarding the company’s long-term prospects. While there are many pros to consider when one evaluates Nike as a prospective investment, I questioned whether the company could continue its historic 10% sales growth, and I also contended that Nike’s moat is more vulnerabl ...