The report on lululemon is updated and rated Speculative Weak Buy at $330. It’s very expensive but it is also a great business. This is a great Canadian success story. It was founded and is still headquartered in Vancouver, B.C. But it is registered as a U.S. company and trades in the U.S. markets and (for whatever reason) not on Toronto. It also gets most of its revenue from the U.S. and so should definitely be considered a U.S. investment.
Based on value ratios I would rate it a Sell. But I have greatly under-estimated it in the past. It’s growth may be enough to keep the share price moving higher.
It’s set to report earnings next Thursday and it should be another good quarter. I bought just a few shares today ahead of the earnings report.