Lululemon's Stock Is Like Its Yoga Pants - Too Expensive

Now watching

Next video starts in : 7 Play

Lululemon's Stock Is Like Its Yoga Pants - Too Expensive

Lululemon's Stock Is Like Its Yoga Pants - Too Expensive
Replay video
Up next

U.S. Markets Open Lower on Disappointing August Jobs Report

Unlock your personal NFL Now stream by signing in to NFL.com

Lululemon's Stock Is Like Its Yoga Pants - Too Expensive

by TheStreet 2:34 mins

Lululemon's Stock Is Like Its Yoga Pants - Too Expensive

by TheStreet 2:34 mins

Lululemon's founder Chip Wilson may be talking to Goldman Sachs for help in taking back control of the company. Wilson owns 27% of the stock and a recent attempt to boot two board members was unsuccessful. The rumor is that Wilson could be looking for a private investor to help him get back his company. David Nelson, chief strategist at Belpointe Asset Management isn't so sure that Wilson's move will be a positive event for the stock. He points out the even though the stock's value has dropped over 30%, it is still too expensive. He said the stores are empty are that is troubling.

TheStreet

Personal Finance

  1. 1:10

    Money Minute: 3 ways to save on your rent

  2. 1:49

    Cities where you need a rommate to afford your rent

  3. 3:44

    A local man’s view on the real recovery of post-Katrina New Orleans

  4. A local man’s view on the real recovery of post-Katrina New Orleans

  5. 1:40

    How Much Money Do You Need to Be Rich? Kids' Answers Will Inspire You.

  6. 1:34

    Young people and startups are fueling New Orleans’ recovery after Hurricane Katrina

Market Movers

  1. 2:13

    Cheap gas prices fueling savings, but not holiday travel

  2. 14:49

    Jobs report; Is the 'force' with consumers?; Cheap gas fueling holiday travel

  3. 2:38

    Disney unveils Star Wars toys amid marketing blitz

  4. 1:53

    Gap sales drop; Vince struggles; Sears Hometown profit falls; Alibaba execs' loan

  5. 5:45

    U.S. job growth slows, unemployment rate falls to 5.1 percent

  6. 3:09

    Biggest drop in pay hitting America’s lowest paid workers