Really interesting, thank you! I'm curious about $LULU. Clearly, it's a premium to Gymshark, and from what I've seen in their stores, product is ok (although too expensive for what it is). Do you have any good comps? I can see insiders are buying, and clearly premium (but not luxury) sport clothes are correlated to the broader economy. People tend to buy less when things are tough at home.
He. Love the transparency. I see quite a few wide moat companies, so I was wondering, why Crocs? What are you seeing there? Especially since it's such a big holding.
Really interesting, thank you! I'm curious about $LULU. Clearly, it's a premium to Gymshark, and from what I've seen in their stores, product is ok (although too expensive for what it is). Do you have any good comps? I can see insiders are buying, and clearly premium (but not luxury) sport clothes are correlated to the broader economy. People tend to buy less when things are tough at home.
He. Love the transparency. I see quite a few wide moat companies, so I was wondering, why Crocs? What are you seeing there? Especially since it's such a big holding.