Shares of lululemon athletica (NASDAQ:LULU), the trendy yoga-apparel retailer, plummeted on news that the company was lowering its guidance for the current fiscal year, along with announcing a $450 million dollar share buyback. This was not what investors wanted to hear, especially from a company that has seen its share of problems in recent years. Not only has its ability to grow been in question in the face of increasing competition from other retailers, namely The Gap (NYSE:GPS), which has been trying to get a share of the active yoga-wear market with its "Athleta" brand of stores, but Lululemon has also been coping with multiple management issues during the last few years. Motley Fool consumer goods analyst Sean O'Reilly analyzes the results, and puts today's pullback in perspective for long-term Foolish investors.
Leaked: Apple's next smart device (warning, it may shock you)
Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are claiming its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!
Sean O'Reilly has no position in any stocks mentioned. The Motley Fool recommends Lululemon Athletica. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.