A footwear analyst, money manager, and a pair of sneakerheads weigh in. And Jack isn’t a fan of the new Flopper 3s.<br><br>Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Jordan, Wemby, and Why Nike’s Turnaround Hasn’t Taken Flight

Barron's Streetwise

It's going to take some time. I just think what's happening with the stock price over the last couple of years is Wall Street realizing that the turnaround and the amount of time that Nike needs to get back to being the company that people expect it to be is a lot more than what people thought, say, a year or two years ago. Hi, it's Jack Howe, and this is the Barron's Streetwise podcast. The voice you just heard, that's Jay Soule. He's an analyst at UBS. He covers footwear.

We're talking about Nike. That stock is down from a peak of over $170 a share to a recent price in the 40s. It's an opportunity to buy one of history's great growth stocks when it's way down. But the problems for Nike might run deeper than they appear. We're going to talk in this episode about why its turnaround has been elusive

and why stock buyers should be cautious until they see more signs of progress. That's next. I am wearing, at this moment, machine washable sneakers. Not that I have washed them in the machine. I don't bother because they were so cheap. They were $45. And I have a stack of boxes in my closet.

I have about, I'm going to say, like four pairs lined up for me when this pair gets dirty. They slip on. I don't have to tie laces. At first, I told myself, I'll just wear these around the house. But we're way past that now. I guess I won't tell you the brand, but it makes a statement. And that statement is, don't judge me for my fashion because I've clearly given up. I'm out of the game.

Jordan, Wemby, and Why Nike’s Turnaround Hasn’t Taken Flight

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Jordan, Wemby, and Why Nike’s Turnaround Hasn’t Taken Flight

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.