Lululemon Reduces Guidance; Could Present Buying Opportunity - Howard Tubin

Sign Up | Log In | What is SocialPicks?

Lululemon Reduces Guidance; Could Present Buying Opportunity
Jun 04, 2008 07:35 AM UTC

Howard Tubin

Return	Risk
-7.37%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
LULU		06/04/08	-7.37%	--

Via Short Stock Ideas from Seeking Alpha:

Shares of Lululemon Athletica Inc. (LULU) took a big hit after the yoga apparel retailer reported first quarter results. While earnings per share of $0.12 were in line with consensus and sales were up a healthy 74.5%, the company trimmed its full-year guidance to a range of $0.68 - $0.71 from $0.70 - $0.72 as a result of costs associated with new hires, staff training programs and a bigger push for its showroom strategy.

While the lower guidance will likely push shares of Lululemon lower, RBC Capital Markets analyst Howard Tubin says a buying opportunity may emerge.

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.