Lululemon (LULU). Burry was seemingly pretty confident (21% of public portfolio) when he bought last quarter. The stock has continued to fall, and there's a sharper drop (18.6%) today. I've read that Burry is using options to a Very large extent, and maybe sophisticated techniqes have mitigated his losses. If he has had enough puts, maybe he's ahead. Or perhaps with the stock fall, he's been long gone.
I bet there's still a market for high-end sports/yoga clothing, and at some point LULU will continue to have the product and aligned prices that attract. I've a tracking position, and I added a few shares today.
Athleisure is a contemporary fashion industry movement, enabled by scientific development and growth of advanced and cutting-edge textile materials and technical fabrics and fibers which allow modern activewear to be more durable, breathable, lightweight, stretchy, versatile, comfortable, and fashionable. ot: I can't be the only geezer buying/wearing this stuff. -g-
Sometimes looks like it though when I'm out and about.
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