So what's the reason for the upgrade this week? It's mainly to play off the hype from GMCR, TSLA, and GRPN. Nothing more, nothing less. ANAL-ysts are nothing but sheeps! Seriously, they are not as smart as you think...!
Betcha Ms Day will be telling WS that the recall wasn't as "bad as projected". She will up the guidance. I can read her like a book....
Yes, I'm short and licking my wounds. And yes, the market can be irrational lot longer than I can remain solvent.
lol There is nothing to scratch one's head about with lululemon.
First off, even if it were growing at 50% still, the revuenes today are just 1.37B. But they aren't growing by 50%, they are growing by 30%, and that is down from 37-40% just a year ago, so the growth is slowing down, yet the stock makes new-all time high's. 1 in 4 people in America make $10 or less an hour. So 25% of the american public is not going to spend 10 hours of work on this product and after 7 years as a company and 1.37B in revenues, and growth slowing down, not many of the rich idiots with money to burn are finding the need to spend it on Lululemon.
This is pure hype and to go the opposite of common sense, but it is reaching a ceiling. They all burn out when someone wants to take profit and realizes they are lucky to get out at this valuation(the CEO SOLD OFF EVERYTHING).