Wait so $Lululemon Athletica(LULU)$ got yanked down -6% yesterday because a pair leggings was see-through?
A single faulty product line (with zero structural revenue impact & was fixed in 72 hours) shaved off a billy in market cap...?
I call bs.
LULU is almost 80% institutionally owned...I think someone big wants more shares.
- new CEO is coming.
- hedge fund, elliot mgmt, is heavily involved + pushing for change
- LULU is sponsoring team Canada at the olympics.
+ LULU is still in the early stage of international expansion, LULU is ~25% international while $Nike(NKE)$ is ~60%...
Solid brand name too.
LULU is currently $194, and when the board straightens up + hires a rockstar CEO...watch out above.
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