Has Wall Street Been Too Hard on Lululemon Stock?
Jul 2nd 2013 6:01PM
Updated Jul 2nd 2013 6:02PM
lululemon athletica , which started out as a Canadian yoga-wear seller and has expanded to fitness gear around the world, has had an impressive run since March 2009. The company has expanded to more than 280 stores worldwide, and its stock has appreciated more than 2,900% since then.
But even though the company's recent earnings report beat expectations, the stock is down significantly since CEO Christine Day -- who has been at the helm for all of this wild ride -- announced she'll be leaving the company once a replacement is found.
In the following video, Fool contributor Brian Stoffel discusses why he thinks shares of Lululemon stock are worth looking into, given today's prices.
The future for Lululemon and retail
The retail space is in the midst of the biggest paradigm shift since mail order took off at the turn of last century. Only the most forward-looking and capable companies will survive, and they'll handsomely reward investors who understand the landscape. You can read about the 3 Companies Ready to Rule Retail in The Motley Fool's special report. Uncovering these top picks is free today; just click here to read more.
The article Has Wall Street Been Too Hard on Lululemon Stock? originally appeared on Fool.com.Fool contributor Brian Stoffel owns shares of lululemon athletica. The Motley Fool recommends lululemon athletica. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.