Is Lululemon Stock Too Cheap to Pass Up?
Key takeaways
- LULU NVDA Apparel company Lululemon Athletica (NASDAQ: LULU) recently reported earnings, and they did little to calm investor fears about the business.
- The company has been struggling for a while and has announced a new CEO.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
LULU NVDA Apparel company Lululemon Athletica (NASDAQ: LULU) recently reported earnings, and they did little to calm investor fears about the business. Disappointing top-line numbers and a troubling forecast have resulted in the stock hitting new lows.
The company has been struggling for a while and has announced a new CEO. A turnaround won t be easy, but if it s successful, the stock could be poised to deliver some fantastic returns for investors who take a chance on the company. While there is some considerable risk with the stock, has it become so cheap that it s worth buying right now?
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »