I am a fierce bargain hound, so much so that if I am routinely shopping at your store, you may just have a problem. But that innate cheapness serves me well in the stock market and I think investors who do not already own Nike (NYSE:NKE) should put this one on their "buy when it gets cheaper" watch list.
The Quarter That WasNike had a lukewarm quarter. Revenue was a little light relative to analyst hopes, but still grew about 8% to just over $5 billion. Within that number, footwear sales climbed more than 6% (to about $2.7 billion), while apparel jumped up 13% to $1.3 billion.
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