Edit: Lulu isn't really a thing here in my country of residence (somewhere in Europe)
I must admit, I'm tempted.
Their balance sheet looks strong in my opinion, increasing revenue and net income. Increasing free cash flow, more cash than debt, strong ROIC numbers over the years. I'll argue that it's a long term hold.
My DCF calculations value the business at around $380 so I'm seeing this dip as a buying opportunity.
What do you guys think of Lulu?
