Their earnings and guidance were very good. It's all about her and that will pass. Like I always say the market has amnesia about things like this. When the flow turns there will be a massive short covering.
The guidance was barely above the previous reduced guidance supposedly due to the black luon issue. Flat earnings for a company with a year end now 35 P/E with much slower growth than that is no bargain. Not even close.
I agree. Until LULU can prove that they can return to growth from 18 months ago, I would say this is no bargain. I'm currently short LULU and I'm currently wearing their 2 year old shorts. From this consumer/investor, their new products don't have the same quality and durability of their older products. This issue has been #$%$ off LULU consumers at my gym and spin studio...some are turning to Athleta and Target.