Episode 4: Is $LULU a "Lemon", or a "Peach"? Deep Dive into the Master of Yoga Pants!

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In Episode 4 (recorded 4/21/2024), we address a topic that is near and dear to Gordon’s heart: the master of yoga pants, Lululemon Athletica ($LULU). As per our usual format, we give $LULU the bull/bear treatment, with Georgie (he started calling himself that - waiting for him to show up to the Pod with a diaper and bonnet…) tries to bull us up that $LULU can evangelize its magical booty-support/presentation technology to new corners of the globe on its path to becoming the next $NKE, while Brucie makes the case that $LULU a “Lemon”.

Highlights:

(1:09) Deep dive on Bruce’s obsession with Taylor Swift (man card: revoked!)
(5:29) Bruce news drop intro is a baffling techno remix; $RBRK IPO (the subject of our next episode!)
(6:38) Is $RBRK a storage company or a security company?
(18:05) Georgie tees up the bull case for $LULU
(26:03) Gordon inquires: do men really wear $LULU?
(30:04) Gordon asserts: $LULU is best known for “booty optics” (making women’s (?) butt’s look good!); the Stock Jocks address the underlying fabric technology and sustainability of $LULU’s competitive advantage
(50:32) Bruce aims to “dismantle” the bull case with the “bear” view: “$LULU is a lemon”(1:00:01) What are the right “comps” (comparable companies for valuation); does $LULU have a public peer? Is it $NKE?
(1:07:35) $LULU is “losing on the Street, and losing in the Streets” (nice one, Brucie!)(1:10:40) Georgie nervously discusses his $LULU “wife channel check” and his observations of emerging brands (Aloe) supporting Silicon Valley booties in his area
(1:15:21) Bruce unveils decidedly un-woke quotes from the $LULU founder and ex-CEO (cringe! Say it ain’t so, $LULU!)
(1:17:29) Conclusions / “actual” views