Lululemon has always been challenging my mental fortitude.
I buy and it drops, then buy again and it drops.
I went out for a walk on the weekend and had a flashback,
1. Now on the eve of interest rate cuts, I personally believe that once the interest rate is cut, people's consumption capacity will be released, and consumer stocks can make a comeback as kings.
2. Lululemon's international expansion still has a lot of potential, with a long way to go before reaching fullness.
3. Lululemon's pricing/quality should be almost bulletproof. If you think it's expensive, it's your problem. Others always talk about cheaper alternatives and say that Lululemon is going down.
In business, there will always be someone cheaper than you, and there will always be other competitors.
4. The recent decline is due to other investment banks lowering Lululemon's target price, which has nothing to do with its fundamentals.
5. The current PE ratio is at its lowest point in nearly a decade, which is unbelievable. Is it going down?
I just want to use this post to remind myself to focus on long-term goals, ignore other noises, and just wait for the return of the east wind!
#lululemon

The latest quarter is not ideal.
But 0.0453 cents is the highest dividend in the history of 1H.
It has been half a year since I first shared Pavreit.
At that time, when everyone despised it, I quietly entered at a low point.
So, what exactly is the attraction of REITs?
Look, now Pavreit's borrowing rate is over 4 cents.
The upcoming interest rate cuts can bring good news to these highly-leveraged REITs. Pavreit's revolving credit is short-term maturity, so it can be repriced continuously.
Of course, if Pavreit can achieve such results in a difficult high interest rate environment, it will certainly be even more powerful in a low interest rate environment!

Based on my entry price, there should be enough margin of safety, so I can be worry-free.
It also gave me an extra sense of satisfaction when I visited the pavilion 😍