Recovery is on the horizon for the running shoes giant under CEO Elliott Hill
Nike (NKE:NYSE) $71.04 Loss to date: 10.5% We highlighted sportswear giant Nike’s (NKE:NYSE) recovery potential at $79.43 in March, observing that the sneakers-to-soccer balls behemoth was in the early stages of a turnaround under new chief executive Elliot Hill, though we did also warn this transformation could prove more of a marathon than a sprint. WHAT HAS HAPPENED SINCE WE SAID TO BUY? Shortly after we recommended the stock,...