You can bet your Yoga Pants he is. A $10B valuation for this company is absurd.
Hmm lets see, major up day in the market this stock underperforms. Valuations based expected growth expected Europe and Asia ... yea right, Europe is broke as a joke and the Chinese will have $10 knock offs
Where are LULU clothes manufactured?
Fundamentally, the only analyst models that I've seen have been something like "35x 110% of management's 2014 estimates" . But without a catalyst, this isn't going to go anywhere.