Oh, please....like you're in the same league as Warren Buffet and Carl Icahn. 1682 days??!!! When I saw 1682 days, I thought the poor guy has gone nuts losing money shorting the stock. I can only imagine the money I can make in my 1682 days from my investments (not just lulu), instead of worrying lulu may go down in FOUR AND HALF YEARS.
You can't use your shopping habits to judge lulu, if you thought Calvin Klein competes with Lulu (which you did.) There are always people making minimum wage, and there are always people who either pay $5 for a Starbucks coffee or no coffee. The group will never get a $1 coffee from a gas station just because it's cheaper. You kept making fuzzy comparison. Blackberry is so 2005. All I know is Lululemon is NOW!
tbomba, give johnny a break! The poor guy is losing big shorting lulu. Back when it was $69, I told him to go visit a local lulu store before he kept shorting, but he wouldn't listen.
1682 days??!!! The next thing he tells us is the world will end in 1666 days.
I started buying C at around $7 in November 2008. I kept buying as it kept falling. It's finally and securely back above $50(or $5 pre-split), and it looks like the only way for it to go is UP. Four and a half years. It feels great and it's also kind of surreal.
johnny, exactly what much have you shorted? you sound like a nervous wreck with all your posts. I'm starting to worry about you.
If you want to make up a story, please at least get the gender right. It was a female executive that they let go.
Let me repeat... apparently you know nothing about clothes. Don't short anything that you know nothing about. The reason why Ugg boots, Steve Madden, Hollister, Abercrombie are trading 1/3 of lulu is because they are not in fashion any more. That's why Abercrombie has closed down so many of their stores. Abercrombie is doing ok only because of their Asian expansion. Uggs is so 2008. If you want to continue to dress like a nut in your Calvin Klein gear, that's your choice.
Don't short anything you know nothing about. Go into a Lulu store and see for yourself. It's a phenomenon. All three registers going at the full capacity and there's even a line at the registers. People are paying full-price for their clothes. The stores are busier than ever, more so than before the recall.
Time to donate your CK gear and Uggs boots to goodwill, if they take them!!! Don't call me an idiot when you dress like one.
If you're comparing Calvin Klein with Lululemon, apparently you know nothing about clothes. Don't short anything that you know nothing about. Do you work out at a gym? I work out at a upper-middle class gym. Calvin Klein???? I have NEVER seen people wearing Calvin Klein gear. I own only 100 shares that I bought a month ago at $62 right after the recall, so it's not really a big deal for me even if it goes up to $100. I'm only stating the facts. Let me repeat, before you lose any more money shorting, go visit a local Lululemon store, but you might find yourself out of place. Payroll taxes do not affect people who shop at lulu. You're contradicting yourself. On one hand, you're talking about "Plenty of stores are Packed every weekend" but then you said, "Payroll taxes going up" so what are you saying??? The only other store that comes close in terms of foot traffic is H & M, but you can find a $5.95 t-shirt at H & M. Expect to pay more than 10 times of that at Lulu and people are buying them. No need to argue....keep an open mind and go see it with your own eyes.
Just pay a visit to a local store this weekend and see for yourself. There are no other stores in the mall with such high traffic per square foot, and people are actually buying things. Take a look in the mall and see how many people carrying a lulu shopping bag.
Well, so far they look stupid... Before you throw away any more money shorting, pay a visit to a Lululemon store. The store is packed like it's black Friday EVERY weekend, and people are actually buying things. You can argue however you want; see it with you own eyes!
I bought 100 shares 3 weeks ago at around $62, so I'm up $700. Since then, I have been visiting the local store to see how business is doing and I have spent about $200 on merchandise in the last 3 weeks. Wish I had bought more at $62, so I can afford visiting the store more often. That's my Lulu investing story.
Sentiment: Strong Buy
Definitely staying for the ride; at least don't sell all at once. I broke even at $29, but I have absolutely no plan to sell. Not counting the past few crazy years, banks traditionally make money. Now, they are back to that trend. They are people who give you 0.01% interest on your savings while charging people 10-20% on credit card loans.