Disclaimer up front — just trying to gauge what people are actually seeing here.
The setup is wild: Nike's down \~65% since 2022, trading near 2014 levels despite still owning the strongest athletic brand globally. Management says the turnaround is real but slower than expected.
**What's got your attention (or spooked you)?**
* Is the Greater China story actually bottoming, or does it get worse?
* Is that 4% dividend yield a gift or a value trap if FCF gets worse?
* Does the North America rebuild actually matter, or is it noise while the core brand loses share?
* Are you seeing the new products (Running, Mind headgear, etc.) actually move the needle in retail?
Real question: **What would actually make you pull the trigger on this?** Earnings beat? China stabilization? Margin guidance? Or do you need to see it proven over quarters first?
Looking for honest takes — not cheerleading, not dunking. What are you seeing that the market might be missing (or obviously isn't)?