Buy NKE by Nov 9, 2026.

Nike is down 75%, so I decided to look into it. TLDR: \- It was overvalued to begin with. \- The decision to go all-in on online was pretty much a self-inflicted wound. They wanted to keep the gross margin. In the end, got a lower operating margin. \- Elliott Hill is back as CEO (since 2024) and is reversing the damage. Fun fact: he started as an intern. \- The market doesn't believe Nike will get back to slight …