LLU, Lululemon Athletica

llu may 21 2012 sllu may 21 2012 b

A year ago it looked like this stock was cooked at about $60 (post split). It did drop almost 30% but then regained its footing. Now, that is a month or so ago, it again looks like the stock has topped. At that time the /e would have been close to 60x. At the time I compared the stock to KKD, Krispy Kream Dougnuts, the operative part in that name is “nuts”. If you have ever wondered how herding works, all you need to do is watch your  better half do a little shopping in this store. The first target would be around $43.