LULU LuluLemon Athletika IPO thoughts?

[moosedawg]

Just wondering what thoughts are on the IPO for LuluLemon Athletika scheduled for this week? Coming from a retail world this has been a very stong lineup of stores and products with excellent ss sales and growth opportunities.

This IPO is scheduled to set price at $10-12 but many have predicted similar to UnderArmour (UA). This stock ensed up around 26 after IPO and currently sits at $52.

Thoughts?

[Billionaire Boy]

Are you sure you got the right stock symbol? I can't find any data.

[who8me2k7]

http://biz.yahoo.com/ap/070713/lululemon_athletica_ipo.html?.v=1

[moosedawg]

As its an IPO, you won't find history or even ticker symbol until it goes public this week some time. Estimates now are that it will likely open 15-17.

This is still a very good buy as I can see this stock at a $35 in short amount of time. Same store sales of 70% with tonnes of room to grow!!

[hawkeye65]

Any idea, when they are going to be listed?? I know it is suppose to be some time this week ?

[moosedawg]

Was listed Friday. LULU on Nasdaq, LLL on TSX.

[moosedawg]

Not a bad pickup. Up $11 after only being on market for just over 2 weeks now. I was hoping for a bit of a drop after the first few days to buy some more at around $24-25 but I'll take the 42% for now. LLL.TO is even higher right now!


This stock is going to $45 so still some room to get on board!!

[madcowdisease]

Peaked just above $60. Any technicians feel this is a buying ooportunity on a pullback. I can't find a good entry. It looks like it may have support around $41 but a 20% drop from a previous pullback of 15% or so may be asking a little too much.

BTW, I went to the Lulu in Chicago this past August and my wife and I found quite a few things we liked and took home withus. The shopping experience was quite pleasurable as well. I checked out the stock then but felt it was too speculative and it dropped off my radar. I sure am kicking myself now.