Is Nike Stock a Steal of a Deal?

While it can be tempting to buy a hot stock when it's soaring in value, the returns may not be all that great if the stock is already trading at a high. If, however, you're willing to take a chance on a beaten-down stock, then the payoff could be much more attractive in the long run.

(NYSE: NKE) could be that type of stock right now. It's in the early stages of a turnaround, and it may take years before its financials improve. It'll require patience from investors, but it's an option worth considering, especially at a time when the broad market looks inflated and many stocks are trading at high valuations.

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Source Fool.com