Jack Mohr, director of research for Action Alerts Plus, explains why he believes now is a good opportunity to buy Lululemon before the athletic apparel retailer reports earnings on March 26. When a Goldman Sachs analyst downgraded the stock to ‘sell’ from ‘neutral’ recently, shares of Lululemon were hit and Mohr seized that opportunity to buy. He explains why he disagrees with the analyst’s reasons for downgrading the stock and reveals his outlook on the company going forward. The company’s upcoming earnings report will be significant as it will Lululemon’s first one accounting for its new products. Mohr says he believes the company has completely transformed its business and this could be the last opportunity for investors to get in at a discount ahead of the quarter.
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