Mr. Choe purchased 100 shares of the Lululemon company stock during the market crash in March 2020 due to the impact of the COVID-19 pandemic. Since then the company stock recovered very nicely. Please use the following data to answer the questions below. (1 point for each question and 2 points for the #9). # of shares purchased: 100 The purchased price (per share): $150 The current price (per share): $350 # of outstanding shares (at the time): 130 million shares PE ratio at the time of purchase: 39 PE ratio now: 83 8. Based on the information provided, do you think the investors have been optimistic (or pessimistic) about this company's future performance

Answer rating: 100% (QA)

Based on the information provided it seems likely that investors have been optimistic about Lulu... View the full answer