A light of hope for the UA bagholders
"lululemon athletica inc. should show some of the best growth in our coverage in 2017, but with a balanced risk/reward profile, 26.1x 2017 P/E, and a more competitive and maturing market, we move to Sector Weight. We project 13% revenue growth in 2017 as the Company continues to benefit from improvements to product (fabric and design innovation) as well as modest store growth. EBIT margin expansion (+287 bps in 3Q16) should continue, albeit at a more measured pace. The market cap of Under Armour and LULU has largely converged for the first time since December 2014 and we think that the LT addressable market and margin expansion opportunity of Under Armour is more significant."
Bought at 21.50 wed.
Submitted February 03, 2017 at 02:49PM by freecashflows http://ift.tt/2jM50q2
