$Nike(NKE)$ Hey bulls I got a

Hey bulls I got a good one for you:

So the clothing industry is highly competitive as you may know, with numerous brands vying for market share. Established companies like Nike face pressure from both high-end luxury brands and cost-effective fast fashion. This intense competition only puts limits on Nikes pricing power and profit margins, making the current high valuations truly hard to justify with their performance. When the environment improves, Nike's current valuation will look very reasonable. Be patient, guys.

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