Single-digit growth does not justify a P/E of 40.
A P/E of 20 would be more accurate.
As for those banking on international growth, forget it: the yoga trend is strictly a North American fad. Europeans don't practice yoga and see it as the American flavour of the day.
They're also broke, which means they won't be able to afford 70$ spandex pants.
Americans also face tax increases which will definitely affect their spending budgets in the upcoming year.
Competitors like Gap and Nike will force Lululemon to reduce their prices and lower their margins.
Sorry to say this, but you're a sucker (or a sado-masochist) if you're buying this stock at this level.
the stock is manipulated like penny stock. okay. and the market makers of this stock don't care if you retail investors sells or buys or some HFT daytrading this stock. it's high manipulated stock. it seems most people on this message have day jobs and don't post on trading hours
the guys who move this stock are big institutional players who have more than 10% of the outstanding stock and they don't participate in the open market with HFT guys or small potatoe smally fry guys like us. the whales of this stock play in the dark pools or OTC their own market.