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Lululemon Athletica Inc. Message Board

cascademtnclimber 2 posts  |  Last Activity: Sep 9, 2014 12:22 PM Member since: Feb 25, 2003
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  • cascademtnclimber cascademtnclimber Sep 9, 2014 12:22 PM Flag

    I think it's selling off today due to that. The statement in the filing says he previously said he'd resign as COO. I don't recall him or the company ever saying that. Obviously he was going to step down from interim CEO to COO with the new CEO hired, but resigning from the company? What's going on?

  • cascademtnclimber by cascademtnclimber Jul 31, 2014 6:07 PM Flag

    Ok, I'm not liking the new CEO/COO vibe, because the new CEO basically erased what the COO (interim CEO) said earlier this year. He is saying bus orders are spotty/unpredictable because he thinks there is a lack of (and delayed)Chinese infrastructure to support new energy buses. But here's the problem with that statement. Maxwell capacitors are in almost no all-electric buses, they are in hybrids. And the beauty of Plug-in hybrid buses is you DONT NEED any new chinese infrastructure to support those types of buses. So why give that answer?

    And on the car design wins....basically a complete retraction from "multiple wins" talk earlier in the year to we are "talking to OEM's". No analyst is going to like that backtrack either.

    The only positive I saw is they said near future news regarding rail (but rail is only 8% of their ultracap revenue). And wind is seasonally good as it has been in the past. They also mentioned Corning and how they are closer to an agreement.

    But the big thing was lack of visibility into buses going forward (he was even asked...was this a one quarter thing? and then it picks up year end? and he couldn't even answer that.)

    I was a full fledged long on the run up, but I think that lack of guidance in cars, trucks and buses is not going to make analysts happy and I expect price/rating downgrades in the next 2-3 days to push this lower in the near term. I'm selling near term and am going to see how significant or non significant the next release regarding rail is to guide what I do at that point. Good luck!

    Sentiment: Sell

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