"Another play, and this one I'm long, Lululemon (LULU). Shares were up 5% yesterday on word that women like yoga pants. The stock is up 15% in three months and it's STILL negative for the year.
This is a battleground name where the bears have again placed their bets. What the shorts don't understand is that Lulu doesn't have to be great to beat. A strong consumer will sell Lulu's pants for them. Even in a worst case scenario in terms of execution Lulu will be propped up by demand. That's bullish."
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I contacted my ATF and she's down with my suggestion. I already bought her a pair and we are ready for the weekend.
Wow, who knew that young women's insatiable desire for upscale yoga pants would be key to jump starting the economic boom!?
So here's to the women that love wearing yoga pants and the PL's that love the women wearing them!
Sounds like they'll be jumpstarting more than just the economic boom.
What's your call on it stevie-girl?
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