adidas: Strong Rebound Potential [Seeking Alpha]
ADIDAS AG S/ADR (ADDYY)
NASDAQ:AMEX Investor Relations:
adidas-group.com/en/investors/overview
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Source: Seeking Alpha
Seeking Alpha - Go to Homepageadidas: Strong Rebound PotentialDec. 07, 2022 8:27 AM ETadidas AG (ADDYY)Discount Fountain4.2K Follower sSummaryPere_Rubi/iStock Editorial via Getty ImagesInvestment Thesis: adidas AG has strong potential to rebound given continued sales growth and a potential undervaluation on a P/E basis.OTCQX:ADDYYpast couple of years. The stock has been buffeted by the effects of supply chain concerns and inflation, the effects of COVID lockdowns in China, as well as the recent ending of the Ye partnership.We can see that the stock is down sharply since mid-2021:investing.comIn a previousarticleGiven that adidas AG has faced a range of macroeconomic and company-specific pressures, the purpose of this article is to investigate whether the stock could have scope for a rebound from here.PerformanceWhen looking at the company's most recent earningsresultsadidas AG Q3 2022 Quarterly Results ReleaseNotwithstanding higher expenses, n
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