Are Nike's Inventory Woes Really as Bad as Wall Street Believes?
The superficial logic makes enough sense: Nike (NYSE: NKE) is sitting on too much inventory, so shareholders should sell the stock before markdowns take their usual toll on margins and profitability.
Except, as many veteran investors can attest, a narrative like this one can sometimes take on a life of its own and ultimately do more damage than is merited. How troubling are Nike's inventory woes, really?
On the off chance you're reading this and aren't aware, Nike's shares shed 12.8% on Sept. 30 and are still down over 10% as of this writing, capping off a more than 50% slide from their Nov. 2021 peak.
Source Fool.com
