Dec. 19 at 10:09 AM
$LULU LULU isn’t a broken business; it’s a temporarily unloved one. That discomfort is real, but historically, this is exactly where re-rating gains are created. At a current P/E of roughly 15 versus a five-year average near 30 — implying valuation closer to
$390 — the disconnect is clear. The company has also remained profitable every single quarter.
Given these fundamentals, I see strong justification for a bullish stance, even as others continue to call for a move back below
$200.
