It's going to take some time.

I just think what's happening with the stock threshold 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 expected 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 Streetwise podcast.

The voice you just heard, that's Jay Soul.

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 bucks. 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. I tell you

...