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ULTA Salon, Cosmetics & Fragrance, Inc. Message Board

  • atdatd333 atdatd333 Feb 14, 2013 12:14 PM Flag

    Fraud

    This company is built on smoke and mirrors. The inventory numbers is the fuse that will light the bomb..Watch out below...

    Sentiment: Strong Sell

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    • I couldn't agree more. I have absolutely no doubt there is fraud going on here. Ernst and Young better open up there eyes before they sign off on the annual report. Ever since the CFO resigned after being at the company only 6 weeks, was a huge red flag last fall. He probably didn't want to sign his name to the quarterly report that's why he left so soon. Now with the CEO leaving, I've never seen anything more obvious. I should have listened to my gut and shorted more, but my wife loves the store so much, that it kept me back from doing so. It really is incredible this is only down 11%. I see this going to $60 at best at some point.

      Sentiment: Strong Sell

 
ULTA
93.02+2.58(+2.85%)Jul 21 4:00 PMEDT

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