On the theme of a crumbling Loonie being a potential help for Canadian exporters, recent share price action in Lululemon would suggest that the company is not quite seeing those benefits yet.

To be fair, Lululemon has gone through a bit of corporate turmoil in the last couple of months.  But, if they are hoping for some relief offered by the falling Loonie, it should be pointed out that Canadian manufactured export goods as a whole have not ticked up measurably since the Loonie began its skid.  Even Bank of Canada Stephen Poloz has been frustrated by this fact.

In the end, Lululemon may have to find some other way to grow faster again.  A big task for its new managers.

Lululemon (LULU) is not held in the McIver-Jasayko Model Portfolios as of January 22, 2014.  Comments about LULU are not intended as advice and do not constitute a recommendation to buy, sell, or hold.

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