After weak guidance LULU is going to drift down to $ 35 per share in the near term. Long term, we are looking at 10-15$ max.
Totally agree. Inventory up 67%.....10x sales.....35$ before you know it.
May be a little bounce Fri. Compare Price to Sales Ratio, P/S, to other retailers and you can then decide what value to buy or sell.
this stock is a guarntee up on the open...big buying at 64.20 support...will gap up sharply to 65..then slowly trace up to 65.50-66ish by mid day..with a 67 close!
Lower...I agree.But $35 might be extreme...if $60 breaks/$53 (gap filled) is my realistic target