People all over the world recognize (NYSE: NKE) as the top brand in the sportswear industry. That positioning will be on full display during the 2024 Summer Olympic Games in Paris. However, investors have seen much better days when it comes to this struggling enterprise.

As of this writing, Nike trades 58% off its all-time high, a record that was established in November 2021. The business is clearly dealing with some issues that investors don't like.

But does this setup make the consumer discretionary stock a once-in-a-generation investment opportunity right now?

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Source Fool.com