Jim Cramer on NIKE: "I'm Betting That With More Time, It Will Not Be Disappointing"

NIKE, Inc. (NYSE:NKE) is one of the stocks on Jim Cramer’s radar. When a caller inquired about the stock during the episode, Cramer commented:

Okay, so I would tell you, let’s say… we brought Elliott Hill here. He would say that the number one thing we have to improve on is quality. He would totally agree with you. The problem is, I think that they got run down, and you can’t turn around a fashion play in two, three, four, or maybe even five quarters. We have to wait a full maybe year, maybe two years, to see what he does. That’s how poorly the company was doing that he received, and he’s doing his best. The Charitable Trust owns it. Right now, it’s disappointing, but I’m betting that with more time, it will not be disappointing. That’s all I can tell you.

NIKE, Inc. (NYSE:NKE) is an athletic and casual footwear, apparel, equipment, and accessories company that sells its products under brands, including Nike, Jordan, and Converse.

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