Lululemon: A Wonderful Business At A Fair Price

FinkAvenue Investment Thesis: Lululemon Athletica Inc. (NASDAQ:LULU) is a designer, distributor, and retailer of athletic apparel across the globe, with their most well-known product being the classic Lululemon yoga pants. Lululemon has long been renowned as a growth stock trading at high multiples, yet the price has fallen close to 40% YTD as a result of stagnant growth in North America which has raised concerns about Lululemon's growth prospects and led to multiple contraction. Lululemon stock price YTD ( ...