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Lululemon's Stock Is Like Its Yoga Pants - Too Expensive

TheStreet

Lululemon's founder Chip Wilson may be talking to Goldman Sachs for help in taking back control of the company. Wilson owns 27% of the stock and a recent attempt to boot two board members was unsuccessful. The rumor is that Wilson could be looking for a private investor to help him get back his company. David Nelson, chief strategist at Belpointe Asset Management isn't so sure that Wilson's move will be a positive event for the stock. He points out the even though the stock's value has dropped over 30%, it is still too expensive. He said the stores are empty are that is troubling.