Until the next CEO is chosen, the stock probably won't recover anytime soon.
I agree that LULU has a good potential and this could present some buying opportunity; however, with CEO leaving, we don't know what the issues are and who will be coming to take over.
Well, if the board ends up hiring Ron Johnson, I can see the stock goes down to $50.
So for now (until a new CEO is announced), I will stay SHORT!!!
This is a typical case where the company cannot keep up with its growth. One of the well known tactics companies use is to do M&A and make their accounting somewhat complicated (especially deferring some of the payments to future and etc). I've seen such behaviours quite a few times over 20 yrs of my investing and I sense that benny probably knows something (he was trying HARD to sell his points... but did sweat a lot thou :)). I bought July 36 Puts today and am up over 30% already.
With a big merger and split, this stock tells me that it is heading lower.