lululemon athletica: Weak America, Strong World - Still A Buy

Core Insights - Lululemon's stock has seen a significant decline, dropping over 35% year-to-date following earnings reports, indicating potential undervaluation of the premium global brand [1] Company Analysis - The investment thesis emphasizes Lululemon as a premium global brand with strong fundamentals, focusing on free cash flow, capital allocation, and downside protection [1] - The investment strategy is inspired by renowned investors Warren Buffett and Charlie Munger, highlighting the importance of understanding business economics, management decision-making, and risk assessment [1] Investment Perspective - The approach taken is long-term and value-focused, aiming to identify overlooked opportunities in the market that are worth attention [1]