Michael Burry Likes Lululemon Stock. But the Math Only Works If Sales Stop Shrinking.

Key Points Michael Burry says Lululemon is now the largest position in his portfolio. Lululemon has cut its full-year earnings guidance twice this year, most recently to between $9.48 and $9.73 per share. Comparable sales fell 9% year over year in the fiscal second quarter. 10 stocks we like better than Lululemon Athletica Inc. › Lululemon Athletica (NASDAQ:LULU) stock closed at $96.88 on Thursday, touching a fresh 52-week low during the session. Shares now trade below $100 for the first time in more than eight years. The latest leg down came after the athletic-apparel retailer cut its full-year outlook for the second time this year alongside last week's earnings report. Together, they sent the stock down 17% in a day. Missed Nvidia in 2009?