May. 3 at 6:28 PM
$LULU this is now one of the cheapest stocks in the market, thanks primarily to the constant noise from ousted founder Chip Wilson. He accuses the Board of going in the wrong direction and destroying tens of billions in shareholder value, but he himself has contributed to the declines in equal measure. He just can’t get over the fact the he lost, gave up or sold control of the company. So he talks dirt about them, and is waging a proxy war. But in the end it’s noise. The stock is way way too cheap. Comparisons with Nike are invalid for one simple reason: the valuations. Lulu trades at 10x, whereas Nike, even now after the stock has been crushed, trades at 30x. Buy Lulu and be patient.
$NKE
