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Lululemon (LULU -2.5%) slips again to trade at its lowest level since early April in the wake of...

Lululemon (LULU -2.5%) slips again to trade at its lowest level since early April in the wake of a CEO resignation and a troubling earnings report. Perhaps most concerning for investors is the four open vacancies in its senior ranks that leaves the retailer looking rudderless. For LULU to see $80 again anytime soon, analysts think those hires need to be transcendent.
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Comments (5)
  • optionsexpert
    , contributor
    Comments (295) | Send Message
     
    Can you elaborate on "troubling earnings report"? What was troubling about it?
    12 Jun 2013, 12:59 PM Reply Like
  • toshimelonhead
    , contributor
    Comments (44) | Send Message
     
    The big trouble was the CEO resigning and not even staying on the board to develop her 10 year vision for growth. Day did not give any real reason as to why she is leaving. Even though she said the timing is right, recent stock performance indicates otherwise. Not to mention insiders bailing out in the past week. Something is not right here and I don't feel as if I have the full story. The earnings call left me with more questions than answers.
    12 Jun 2013, 02:01 PM Reply Like
  • kwm3
    , contributor
    Comments (2453) | Send Message
     
    vision? You sell yoga pants. period. and some other stuff without traction. Stock performance has only a weak correlation to financials. How many yoga pants can be sold to rich women willing to pay 175$ for what is merely a a brand, possibly slightly better quality--but I won't concede that? Not many. There's one down the street from our office.
    12 Jun 2013, 02:41 PM Reply Like
  • Duncan_Disorderly
    , contributor
    Comments (2) | Send Message
     
    "Not to mention insiders bailing out in the past week."

     

    Could you elaborate please?
    12 Jun 2013, 02:55 PM Reply Like
  • Elcap
    , contributor
    Comments (2) | Send Message
     
    LULU now is at the point where the pressure to defend its profit margin meets the need to find a new CEO who can take this company to fulfill its goals for the next 5 years. Historically speaking, they had done a good job in expanding the company, however, in the forward looking sense, I think market has been reacting to these pending changes or unknowns.

     

    Check out my post regarding LULU:
    http://bit.ly/14YMNqA
    13 Jun 2013, 01:39 AM Reply Like
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