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HenryHamburger

10/21/11 5:47 PM

#1994 RE: HenryHamburger #1993

Andrew Burns, CFA
Vice President, Research Analyst
http://www.davidsoncompanies.com/ecm/a_research/analysts.cfm?eid=1451


“I can see a similar business model fitting well into MMA for a few reasons,” said Andrew
Burns, a Lake Oswego-based analyst with D.A. Davidson who follows Lululemon. “One thing
Lulu did exceptionally well is look at yoga as an activity and design specific apparel for that, but
also look at yoga as more of a lifestyle. What kind of pants do they wear in class, but also after
class. -Andrew Burns