Being on the losing end of a trade sucks, right? I found LionStockAlerts the other day and they are pretty good. The alerts are quality, not junk and they are straight forward and cut out the hype.
Well stated and presented argument for a short. Chip Wilson was right. If they even misstep a bit this is going to 40.
Rhoda Pitcher is longest standing lulu board member. Rhoda Pitcher doesn't exist (look it up, she's a fake person) The only insider that sold stock in lulu over the last year was Rhoda pitcher. She had 3 sales transactions, in the last year, totaling over $2 million. Sketchy!!!
Lulu currently has a market cap of 10 billions dollars. Are you kidding me? 10 billion dollars for a company that sells yoga pants?
If you added the market caps of Dunkin Donuts, Fitbit, Lumber Liquidators, and Zulily you still wouldn't reach the market cap of lulu.
The founder of lululemon was just on CNBC telling Cramer how poorly his company is being ran. The only reason they beat last year sales was because they had major recalls last year. They will never beat sales again.
You honestly got to be out of your mind to own this stock. They sell yoga pants! 10 billion dollar market cap for yoga pants!
One last thing. Tesla, a company that has a good shot of disrupting and changing the worlds energy markets is valued at 30 billion. This market is valuing yoga pants at 10 billion dollars and the future of energy at 30 billion dollars. Now let's get this straight, I'm not saying tesla is under valued. I'm saying lulu is insanely over valued.
Time to short this pig.
Sentiment: Strong Sell
Now Cramer is back peddling because board member Rhoda Pitcher has a questionable resume so he's thinking maybe Chip has a point. Do your research Jim. Pitcher gained her position on the lulu board because she was Chip's life coach!
Cramer should have asked Chip about Kit & Ace - lost $350M+ and counting. Closing stores, fired tons of staff..... Needs to focus on fixing the company he IS running and leave running a global brand to the pro's.
Large 100K block sold, so guessing Cramer's boys just sold. Funny he says he didn't take a position
Frankly, Chip kicked loudmouth Cramer's rear end!
Chip calmly made important relevant points about missed strategic opportunity.
All flap jawwed Cramer just kept beligerently ranting about short term results which are totally irrelevent as the comparisons are extremely easy because of the see thru stink pants fiasco of 2014/2015. Other than having another fiasco, improved short term results were inevitable.
Cramer's arguments strike at the heart of his attitude as the pastor of 'The Church of What's Working Now'. A year ago all Cramer could do was insult and belittle LULU management. Now they are geniuses.
For what it's worth go find out how Cramer's charitable trust has performed over it's history (Cramer keeps it private, for members only). The Trust has massively underperformed the S&P500 on total return. It has done particularly terrible in the last two years. Why do you think cutthroat Jim threw Stephanie Link under the bus?
Nevermind how Jim's company, TheStreet's stock (symbol:TST) has performed over the last 10 years.
Were it not for trading in the murky shadows prior to Regulation-FD, a massive bull market, and for the help of his ex-wife, I doubt Cramers hedge fund would have faired very well.
cuz when analysts "predict", they mostly look for the positives, not much on the downside
maybe in this econ would be wise to look at the potential downside ?
we are at the top predicted range for the year
and the p/e is about 3-4x times more than the average
so even a small 2x correction could take lulu easily under $50/share
so imo the pps price should fluctuate between 71 and under 50 this year.
make your bets accordingly and good luck whatever u decide
When a trade goes your way, there is no manipulation however if it goes against you then there is manipulation. Give me a beak.
@67.18 Covered my short (got @68.28) yesterday, I was Wrong but didn't lose money , will re-short tomorrow if it goes higher. you too, I guess, hope it will goes up.