Earnings would good, no reason to think that people will not buy gear from LuLu just because of the CEO is leaving. Running the company is not a one person team. Apple went from 400 to 700 AFTER steve jobs died
Exactly apple dropped from 700 to 400 because steve jobs (WHO WAS directly tied to the innovation of the company). In this case it is her team of experts creating and designing the brand. Earnings were good, they are expanding internationally, and with that expansion one could even make the argument for multiple expansion. The fact that cramer and these guys are saying the multiple is to high is BS. 30% of the company 2B gone over a 5% decrease in margins? This stock is way overblown and is not normal. Just wait for the selling to subside and watch the buying over the rest of the week.