Lululemon Athletica, Inc. (NASDAQ: LULU) is a Vancouver, British Columbia-based yoga-inspired athletic apparel retailer who produces its own clothing line which is sold internationally in Lululemon stores.
A Financial Expert’s Opinion
On August 29th, The Street blogger Jonas Elmerraji named Lululemon as a “toxic stock” that shareholders should Sell as soon as possible. He reasoned that Lululemon was “one of the most conspicuous losers of 2014,” with shares having dropped over 31% on a year-over-year basis. Elmerraji continues to claim that the “selling [of Lululemon] isn’t necessarily over” as shares are pointing toward another drop in September. Continue reading >>