Few three-word slogans have taken the world by storm quite like "Just Do It." In fact, I probably don't even have to mention whose slogan it is because that's how iconic it has become. But, just in case, I'll give (NYSE: NKE) its due credit for the simplistic brilliance.

Nike is a case study-worthy example of how branding should be done and the benefits that come along with a great brand. It has transcended just sports and turned Nike into a $120 billion company. And while that's no small feat, it's not necessarily celebration-worthy when you consider that in November 2021, its valuation was over $280 billion.

Since that peak, Nike's stock is down around 55%. Some of the decline may be warranted because of bad business moves, but this blue chip stock looks like a bargain for long-term investors, and it all comes down to this chart.

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Source Fool.com