urban metro sexual crowd running out of cash. With a unaffordable college loan and a $40k per year job who has the cash to buy overpriced yoga clothes.
get real this stock is just a momo pump jump that ran up on excess liquidity. ITs long term prospects are poor as all other retailers poach the yoga market.
its a fad that is being duplicated by rafts of other retailers with lower P/Es that will look to expand in LULUs lucrative market. The race to the bottom will be seen eventually with profits dwindling.
its nothing but a GMCR, ntlx, HLF business scam at these price levels.....momo traders and HFT bots ran the price up to astronomical levels. The downside risk is great if the guberment can't keep the pump job alive. Its just a surrogate for a long index fund with a high beta.