“Every Stock Michael Burry Is Buying Right Now! (3 Major Moves)”
LULU is not dead; despite headwinds and slowing sales, its financial quality (low multiple, high ROIC) supports a potential 21% IRR if it stabilizes.
The headline is Lululemon, the yoga pants company. Bur didn't just buy a little. He made it his largest position estimated around 17% of his entire portfolio.
In his own words, he called it the trickster in my portfolio. when he said, and I quote, "This time the trickster is my largest position." Then Lululemon reported a genuinely awful quarter and the stock crashed below $100.