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Lululemon Athletica Inc. Message Board

  • bonnielessman bonnielessman Sep 21, 2011 1:23 PM Flag

    citi bank wellsfargo bankanerica downgraded

    people the world is sliping into a great depression becuase of deleverging .. so pleasekeep on driving lulu higher lol

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    • US - August Existing Home Sales UP 18.6%,

      US - August Auto Sales UP 7.5%

      WOW !!! the US Consumer is BACK !! (despite the Stock market correction !!)

      LULU - US Same Store Sales UP 30% !!!

      • 2 Replies to gregbent
      • Look at what LULU's comp sales in Canada did during the 2008 recession. When sales drop across the board AND the CAD/USD deteriorates (the CAD was stronger than the USD and now it will be weaker), the YOY comparisons will hurt big time. You don't want to be long going into the next earnings report. It won't be good.

      • Greg:

        Context is necessary. Homes sales up because last year the housing credit incentives expired in July. So, the benchmark was artificially low. Home prices declined. Inventory still outrageously high...

        The economy is bad and getting worse. Almost every global market outside the US is already in bear market territory. We will be soon. The MOMO's are at 52 week highs. They have the furthest to fall. Multiples compress in a recession, so even if the earnings grow, the price will fall faster. It's how the institutions get retail investors to take the overvalued shares off their hands. Again, warning. Look at GOOG between 2007 and today. LULU's chart will look very similar between now and 2014...

64.21+0.18(+0.28%)3:14 PMEDT