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Podcast: Lululemon Not So Deep Dive
Today we released our weekly "Not So Deep Dive" with @stockmarketnerd joining us for this episode. We covered Lululemon $LULU


Given anecdotal stories and seeing the long-term stock chart, I wasn't surprised at how impressive the business looked when finally getting some context on its financials. At a fairly reasonable trailing earnings multiple, there seems to be a clear path to this stock providing solid returns over the next decade.

However, one question keeps nagging at me. How much of a COVID beneficiary was Lululemon? Athleisure definitely got a boost because of the change in work culture. Does that mean we are overestimating revenue growth for the next five years? Or is athleisure such a secular growth category it doesn't matter?

Something to chew on for bulls or anyone thinking of buying shares
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