Canadians for sure love LULU.
Americans will too, but this is one IPO I am giving six months or so to play out and mature in the marketplace. The IPO was priced at $18 and has already been to $38. Here is their Google Finance page .
Back in January, Lindsay and I sat down with Ian Lopatin my yoga guru friend to talk about the spiritual and cultural shift towards Yoga. This is a huge industry in waiting.
LULU is the first of many Companies that will be taken public to satiate the coming demand. Gaiam (GAIA) is the granddaddy of the space and is perking itself up near all-time highs.
I imagine I will own one or both of these before year’s end. In the meantime, I continue to buy and wear my favorite ‘yoga’ clothing from privately held ‘Be Present ‘. I urge you to buy a pear of their pants and try them out. Perfect fit even on my pear shaped body.