I'm riding this to $125 or the merger. Bought more today, like everyone else.
With the money Nike has and the brand equity here, I honestly have no idea what they're waiting for. They could explode this brand, wrap up the women's segment and make billions. They have the global infrastructure to roll it so much more quickly while leveraging the people and systems already in place. It just makes too much sense.
The timing of the GS downgrade, coupled with the fact they had absolutely nothing to report in terms of new information is just too odd for something not to be up.
My first thought was like yours, that they were breaking it down through support. But the more I think about it, the more I'm thinking something bigger is in the works.
GS has been flat out wrong. Timing could likely just be technical, as they may have thought taken a shot near the 50DMA may break the stock down, and maybe they could save some face as they missed a 70% rally. If anything, LULU was well defended to day. A 2 point bullish hammer on huge volume, many many were buying the dip today.
Hope your right though, maybe we get some news on merger monday?
I'm really high on 2015, how many times did we hear 'investment year' on those conference calls, well the 'investment year' is over, the supply chain is in place. I'm not budging
Glad to see your still here Chase, you've been behind this move all the way.
LULU's trading at 30X forward earnings.....
2014 was an 'investment year' as there supply chain was not up to snuff (luon recall) and routinely discussed on conference calls. Very easy comps coming this year.
You like looking in that rearview mirror? I prefer the windshield.
Is Nike trying to buy LULU? Perhaps GS trying to get the price down to provide value in an effort to win the banking on the deal? Timing was just odd. The reasons were all the same things being discussed for months.
There was an outsized move, then the volume of buyers stepped in. Perhaps one last flush to run stops before a move to $80?
LULU is winning a HUGE share of the men's business. It's on a brand tier all it's own in the segment. The numbers are going to be real good next quarter.
Prior to this, Goldman had a neutral rating on a stock that is still up close to 40% over the past 3 months. In other words, they were WRONG and have zero credibility.
Watch another bank with net long clients come out and reaffirm their $72 price target.
I don't know when the day will come but it will come, when the market ignores analysts. The corruption and ineptitude is just striking.
At $39 there wasn't a single analyst suggesting the most profitable retailer in the world was going to rebound. SMH.
What does it matter. This is the best brand in the fastest growing fashion segment. We have great management and a world to grow into.
I just bought more.
Grab your duffel bag, it’s about to be filled with money. (Just google) Ultimate Stock
Alerts! They pick winners, pure and simple
"Several analysts have recently commented on the stock. Analysts at Oppenheimer raised their price target on shares of Lululemon Athletica inc. from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, February 10th. Analysts at Guggenheim initiated coverage on shares of Lululemon Athletica inc. in a research note on Tuesday, February 3rd. They set a “buy” rating and a $80.00 price target on the stock. Analysts at JPMorgan Chase & Co. upgraded shares of Lululemon Athletica inc. from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $50.00 to $75.00 in a research note on Friday, January 23rd."
Sentiment: Strong Buy
Don't miss this opportunity to go long here. Asia is UP, NASD over 5000, this will rip higher all this week.
Sentiment: Strong Buy