Photo: lululemon athletica
One of the hottest stocks on the market belongs to Lululemon. The company has no debt, solid cash flow, EPS set to top $1.00 this year.But what about Lululemon as hot clothing line?
According to a research note today from Bank of America Merrill Lynch’s equities team, the yogawear plan to move into something they’re calling “technical street.”
We are working on getting photos, but here’s what we know so far, according to BAML
- The technical, sport-inspired clothing will be a substitute for “traditional apparel”
- In a presentation for the analysts, management showed off a “synthetic men’s blazer and stretch pant look”
- This can be worn in both casual and work settings
Management also talked about new swim and surf lines.
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