Retail
Cramer Thinks lululemon athletica Is The Next Under Armour (UA, LULU)
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Cramer’s Next Under Armour: Lulelemon Athletica (NASDAQ:LULU). It came public at $18.00 and went up to $31.00 during a crummy market. This one does similar things to Under Armour, but they are more into yoga and new age types of clothing. He thinks their sales will grow huge and operating income will grow exponentially. It has its own stores and will be opening more stores this year and then even more stores in 2008. If this matched Under Armour’s growth it would double sales and earnings it can grow considerable. He does think this is risky and will be closely watched by the street and it is very speculative. He even thinks you should wait for an entry point next week. Shares closed down 6% at $31.00 today, but then rose 4% in after-hours after Cramer talked it up.
Can you imagine a person with a speech impediment trying to say this company’s name?
Jon C. Ogg
August 3, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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