Jim Cramer on NIKE CEO: “He Needs to Reinvent the Entire Business”
NIKE, Inc. (NYSE:NKE) is one of the stocks Jim Cramer recently covered. Cramer highlighted the reasons why he would be a “buyer” of the stock. He said: “Same deal with Nike. The previous CEO took a good company and turned it into an also-ran… Now that Nike old hand, Elliott Hill has come in, he needs to reinvent the entire business. First, he needs to go back to the old brick-and-mortar distribution network… It means new science and innovation have to be developed, which seems to have been obliterated und ...
