Converse Has Been a Big Win for Nike Stock Since 2003
If you bought Nike (NYSE: NKE) stock around the time that the sports apparel titan purchased Converse, you'd be sitting on massive long-term gains today. Nike is up over 700% since mid-2003, compared to a 160% increase in the broader market.
The Converse brand has had some painful growth struggles lately, though, and they highlight the core challenges facing Nike's broader business.
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Source: Fool.com