Emily Flippen

That being said, shares of Lululemon are so incredibly cheap, priced absolute rock bottom expectations that I think in my mind, and I should knock on wood, there's no doubt that this is an outperformer over the next five years.

I think leadership has a lot of runway in front of them, new product launches.

I love the fact that they're not discounting their clothes still.

people are paying for the logo, people are paying for the brand.

So there are knockoffs out there, but for the most loyal customers, Lululemon's brand still means something.

And then keep that in case they need to keep the higher price point.

So short-term pain for hopefully some long-term gain here.

I disagree.

I'm running from this bear.

I think we're all perfectly fine just blaming AI.

I can blame AI instead of blame Gartner if I have to.

I appreciate the fact that there are legitimate threats against this business and all consulting businesses from AI.

In the case of Gartner, my concerns have less to do with AI.

The reason I'm running from it is actually more of how management has

kind of position their business here.

They're very cyclical.

A lot of their revenue come from these big events.

And those are the first thing that get cut whenever there are like downturns.

So it's not necessarily something where they have it set up like a nice subscription style revenue for a good portion of their sales.

And I don't love the way that management's managing their capital.