Tuesday March 19 2013
LULU pulls sheer pants from shelves, stock drops 6%.
I have mentioned this yoga apparel retailer Lululemon many times in class. In a hilarious an dperhaps unintentional play on words LULU admits to be exposed to having too few suppliers. In class I have noted massive insider selling among corporate insiders.
My take is that this stock has been way overextended for some time, all it needed was a whiff of bad news to take it down. There are no buyers for the stock left out there.
Professor Elam 
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