Thu, Jul 31, 2014, 5:46 AM EDT - U.S. Markets open in 3 hrs 44 mins

Recent

% | $
Click the to save as a favorite.

Lululemon Athletica Inc. Message Board

  • fastmoneypete fastmoneypete Jun 12, 2013 9:12 PM Flag

    Chip Wilson

    Chip Wilson is (and has been) sheltered by 10b5-1. Besides the $50 mil stock sale of late, between Jan 10 and Jan 14, he conveniently dumped 300,000 shares for $21.3 million. After the market on January 14, LULU updated its outlook for the holiday quarter. Its revenue and EPS forecasts were below what the street expected and the stock fell 3.9% the following day. Of course, he got the free pass under 10b5-1....again! Ordinarily someone who frontruns the stock as blatantly as Mr. Wilson would be in jail for a minimum 5 years if it weren't for the 10b5-1 loophole, which effectively gives the insider immunity.
    Bottom line, No one but God would have the ability to time the market with 100% accuracy as Chipper has. Pretty pathetic considering all the shills who this billionaire sold his stock to were far poorer souls.
    So I ask the penultimate question: Why do all the hard-working longs continue to praise a company riddled with scams??

 
LULU
39.45+0.28(+0.71%)Jul 30 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.