Michael Burry Calls Lululemon His Largest Position, Plans to Buy More if Stock Falls Below $100

Michael Burry stated in his column "Cassandra Unchained" that Lululemon Athletica is currently his largest position in his investment portfolio. He referred to LULU as the "troublemaker" in his portfolio and hinted that he would actively buy more if the stock price falls below $100. Burry has increased his position multiple times, with an average cost around $120, and remarked that the stock is "cheap to the point of being deafening." Additionally, Burry pointed out that at its current valuation, Lululemon could become a target for acquisition by founders or private equity firms as one of the potential long-term outcomes.

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