Trying to hear what's not being said
December 11, 2024 Leave a comment
Since November 1st, 2024, lululemon Athletica’s stock price has risen as much as Bitcoin.
The share price of Coinbase has nearly doubled the return produced by Bitcoin.
For all its financial engineering, MicroStrategy is somewhere in between.
p.s. I’ve sold the LULU holding and halved the Bloom Energy and Shopify positions.
December 11, 2024
by Rob Zdravevski
rob@karriasset.com.au
March 21, 2024 Leave a comment
Does it matter what #LuluLemon Athletica’s quarterly results are when they are released tomorrow?
In 2008/2009, there was a 5 month period when investors could’ve bought the stock for under $4 per share.
Back then, I felt that I was their most lucrative customer in #LULU‘s Chapel Street, Prahan (Melbourne, Australia) store.
It was my Victor Kiam (of Remington) moment, which I didn’t act on.
Today, the stock is trading at $469, which is 117 times higher.
Is that a 11,700% percent mistake?
And it’s not even a technology company……
And only in October 2023 did the company join the S&P 500 when it’s market cap reached $55 billion.
Perhaps this story falls under the adage of buy your kids (or loved ones) $20,000 of ‘something’ and make them hold it for 15+ years.
March 21, 2024
by Rob Zdravevski
Karri Asset Advisors
rob@karriasset.com.au
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