Lulu Lemon, a rapidly expanding branded yoga-wear manufacturer and retailer made it's initial public offering back in July 2007. After a strong early showing LULU reached a high of $58/share in October before joining the rest of the market's systematic retracement and is now trading near it's IPO price at $29.49
Lulu's dominant niche brand and aggressive expansion strategy have led to some compelling year-over-year revenue and earnings growth figures. Make no mistake, LULU is strong on fundamentals and at this price, I can't see it being anything other than a BUY.
$29.49 (03/13/08)
