Did you miss on the lotto puts on DOCU? Check lulu, another company that went sky high during the covid, that will see the reality wall soon and dump after earnings.
1) LULU has been witnessing supply-chain challenges, driven by the pandemic-led factory closures, congestion at ports and reduced airfreight capacity, which are likely to impact its business in the second half of fiscal 2021. Recently, some of the factories in Vietnam, which are used to source lululemon’s products, have closed due to another wave of COVID-19 outbreaks in the region. This has delayed product deliveries in recent months.
2) The ongoing issues at the ports and reduced airfreight capacity have not only led to delays but also resulted in increased freight costs. These factors are likely to affect margins in the third quarter and fiscal 2021.
3) insiders sold $13M in last 3 months
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.