Lululemon's 2Q Deters Even Longer-Term Investors, Analysts Say
Dow Jones
Sep 04
0820 ET - Lululemon's latest results are likely to have scared off even longer-term investors, Oppenheimer analysts say. Prior to 2Q results, the stock had seemed to be attracting some "value type" interest from investors, the analysts say, but now even those value-oriented types are likely unnerved. The analysts believe the problems stem more from internal missteps than macroeconomic factors. As the company has waited for its new CEO to start next week, it has essentially operated as a "rudderless ship," the analysts say. Lululemon plunges 20%.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.