if you believe the news articles are completely false then you should buy more stock. the upside on lulu will be explosive IF they can post decent same store sales numbers and demonstrate that the global expansion is going to happen a little faster than anticipated. my guess is that this quarter is mediocre, but that management discusses a new expansion plan agreed to by the board and chip and advent just ignite a short rally with buying. with 875 million in his pocket, chip can smoke all this shorts if he believes the company financials will support a higher price in another year or two. but lulu does have a lot more competition, so i am just holding my position and adding on weakness, but i won't chase this price higher just yet.
knowing that they are planning to start buying up shares once that deal is closed. the sooner the deal closes, the better. i think the price is trapped under 42 until the deal closes. i imagine that they would want the deal to close before earnings report.
He eats drinks and smokes cigars. He wouldn't know about athletic clothing unless it were wrapped around a subway sandwich he was trying to wolf down.
They mentioned this potential factor on CNBC this morning. With the BK-Tim Horton merger, the time is now.
Lululemon opened a big flagship store on prime Robson Street last week and is opening a brand new flagship store in New York.Dont forget the expansions in Europe and Asia.
Barron's also hosted major articles that said FB was going to 15 when it was in the low 20s. I do agree the timing of his articles is suspicious. But there is a thin line between dishonor and stupidity. His inconsistencies point to the later,
Good job of summarizing the articles of a potential hedge fund shill. I remember the onslaught of negative articles all parroting the same article about how poor the analyst day was and how LULU didn't address any of the concerns with the company.when in fact they did all of those things during the analyst day. Its disgusting that analysts are able to spout off garbage analysis with absolutely no repercussions.
this isnt a sign of a floundering company.Europe expansiona and Asian expansion in 2015 and they are considering "trunk stores" all around the world to test the market for smaller stores in gyms.
We got about 8 houses have LULU on hold,they are need some positive news to change that stance to buy,I reading stories everyday as how yoga wear will go mainstream with "joggers" taking over the awful khaki wear market and to some extent the saturated jean market.They are planning to open up men only stores in 2015 and you got lots of NFL players like Brady and Romo wearing them for training.
Hearing November. Can't wait for that Credit Suisse analyst to eat his words when it blows away projections. Seeing LULU on men everywhere. The brand crossed over seamlessly and the whole while that idiot at CS has been chirping about what a bad idea it is to capture the other half of the population. Idiot.
Missed that one. It's also the TIMING of the stories that's really suspect. Always when it's rallying. Clear sign his phone rings, deal agreed on, negative story pops out to stop the momentum.
It's one thing for this to happen on Seeking Alpha where you expect it. But Barrons? Unbelievable.
Well done...I always question his position with LULU even though he said for LULU to move on Wilson must be removed from having a major voice in the company,well since he sold 1/2 of his shares to Advent who wants to make money Ben goes on a week later that Wilson must be desperate to sell his floundering company....well make up your mind Ben...
Today, just as the stock rips, he comes out with:
"Forget Lululemon, Time to Think Seriously About Gap’s Athleta"
Back in June:
After earnings and the stock being beaten down to $33.00 he comes out with:
"Lululemon: Worse to Bad" and commented on a somewhat positive analyst quote by saying:
"I supposed someone has to be optimistic about Lululemon’s shares."
Of course the stock is up nearly 30% since that gem.
Later when Chip announced it was in play, Levhinson comes out with:
"Lululemon Athletica: Don’t Believe the M&A Hype"
and as it was rallying, he doused some more negativity on the share climb with:
Lululemon: ‘Low Appetite’ for Takeover, Credit Suisse Says
Of course he ignored many positive analysts along the way and turned out to be completely wrong.
Then when proven wrong after the deal was announced he comes out with:
"Buyer Beware? Lululemon Leaps on Founders Reduced Stake"
Goes out of his way to find the one negative analyst note to include in the article when all other press was overwhelmingly positive.
So why so negative? One only has to look at that short position to figure out Mr. Levhinson is likely supplementing his income with some hedge fund money on the side. Barrons is maybe the greatest financial news brand in the world. If I'm an editor or anyone in a position of influence over there, I'm keeping a very close eye on this guy. It only takes one scandal to ruin a 100 year old reputation.
As for us shareholders, his writing is music to our ears. He's a mouth piece for the desperate and boy are they about to get smoked.
Or shorts are hedging. Also interesting two articles came out mentioning LULU in a negative light. One little spike reveals whose on the take in the journalism world. Barrons should be ashamed of themselves. Writers affiliated with them are clearly on the take...
All great signs. Shorts are desperate, hedging and writing checks for negative press. There is nothing that is going to stop this brand. It's already established and will do nothing but grow from here.
My broker mentioned about the increase in call options also...good sign investors are betting price will go up...