Earings Call Play

Why my $LULU (+1.3%) fair value is $30–35B:

• EPS ≈ $15

• Fair P/E 18–20x (history 25–30x) → $270–300/sh

• ~121M shares → $33–36B

Today ~$20–24B ⇒ ~30% discount

Not financial advice ⚠️