lululemon athletica inc. (NASDAQ:LULU) closed at $94.46 on October 2, down 45.75% over twelve months. The shares now cost less than nine times what the company earned last year. That is a department store multiple attached to a brand that spent a decade commanding a premium. Two groups are looking at the same numbers and reaching opposite conclusions, which is what makes this one worth examining. READ ALSO: Is Best Buy's (BBY) Moat Narrowing as Electronics Move Online for Good?Lululemon (LULU) Trades at 8.54 Times Earnings and 13% of the Float Is Short The Business Still Earns Well: Start with what has not broken. Lululemon still earns 30.90% on equity.
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