Lululemon’s founder promises not to trash the company—for 18 months - CNN
Consumer
Lululemon has settled its proxy battle with founder Chip Wilson, adding two of his board nominees and securing an 18-month non-disparagement pledge, lifting shares ~4-5% intraday. The relief rally resolves a headline overhang but leaves the underlying sales deceleration and a heavily Hold-skewed analyst consensus as the real story.
0 reads·0 theses
Angle
↓ SHORT-8% target+5% stop2-4 weeks
Fade LULU into the proxy-settlement pop — 30 analyst Holds and lingering sales weakness mean the relief rally is borrowed time, not a trend reversal.