MoneyShow Silicon Valley Invitation (And A Minor Trade Alert)
Most of you are probably familiar with Lululemon’s $LULU products, including its yoga pants which will definitely be used in space travel, on the Moon, and Mars (ha!). Jokes aside...
Cody will be in San Francisco May 7-9 at the MoneyShow’s Investment Masters Symposium. You are all invited and please use this link to register.
Also, be sure and check out Cody’s interview with the MoneyShow’s Mike Larson on this week’s MoneyMasters Podcast:
Lastly, we are picking up a little Lululemon Athletica (LULU) as the stock has been beaten up pretty good after lowering revenue guidance last quarter. Most of you are probably familiar with Lululemon’s products, including its yoga pants which will definitely be used in space travel, on the Moon, and Mars (ha!). Jokes aside, Lulu has built a heck of a good brand and makes very high-quality products, similar to one of our old favorites, Nike (NKE).
However, Lulu is growing revenue faster than Nike (12% est. for 2024 v. -6.3% for NKE), has better gross margins (58% v 44%), and is quite a bit cheaper on a forward price/profits basis (LULU is a 9 while NKE is a 13 five years out). This is just a starter position, and you guessed it, we are giving ourselves room to buy more if the stock falls further from here.
That’s it for now folks. Rock on!
