At Multi Year Lows, Michael Burry Is Loading Up On Lululemon Athletica (LULU) Stock Michael Burry, the hedge fund manager who predicted the housing market collapse in "The Big Short," has been acquiring a significant stake in Lululemon Athletica (LULU).
The company's stock price is currently at multi year lows, leading some to wonder if Burry is betting on a turnaround or simply exploiting undervaluation.
A closer examination of Lululemon's recent developments reveals that the company is expanding its online presence and increasing store locations in Mexico.