Lululemon's 2Q Deters Even Longer-Term Investors, Analysts Say

Dow Jones
09/04

0820 ET - Lululemon's latest results are likely to have scared off even longer-term investors, Oppenheimer analysts say. Prior to 2Q results, the stock had seemed to be attracting some "value type" interest from investors, the analysts say, but now even those value-oriented types are likely unnerved. The analysts believe the problems stem more from internal missteps than macroeconomic factors. As the company has waited for its new CEO to start next week, it has essentially operated as a "rudderless ship," the analysts say. Lululemon plunges 20%.

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