Wonder if $LULU BOD read our note on $AS M&A as "plan B" and thats why now ok with Chip's three Board slots as long as he keeps ownership under 10% 😂 Could've avoided whole stupid proxy battle if openminded to begin with.
https://t.co/TuvizjJyhS
@orrdavid@sirindude Maybe true for large hotels because they can effectively build their own platform. But $BKNG is huge in Europe which is not run by large chains but rather small independents - these companies need $BKNG’s platform to allocate inventory
@KobeissiLetter Why is it unsustainable? What is the implication for equities broadly? Assume negative due to interest rate hike expect on inflation? Assume you favour hard assets over equities?
@longriverCM I think commoditization of $LULU specifically will be harder because they operate their stores, so you won’t have competing brands right next to it explicitly shown ar a cheaper price. That said, believe alo/vuori position their stores right next to LULU