Why I Just Bought Lululemon
Investors in lululemon athletica have endured quite a roller-coaster ride so far in 2013.
Even though the stock is currently trading almost exactly where it started in January, it's easy to forget that Lululemon shares have underperformed the S&P 500 by nearly 20% year to date.
Of course, that weakness can not only be traced back to March's see-through pants debacle, but also both to the June resignation announcement of the yoga apparel company's CEO and the most recent news that Lululemon's net income will likely remain under pressure through the rest of this year.
But Foolish investor Steve Symington thinks all these troubles have created a perfect buying opportunity for long-term investors, which is why he purchased shares of Lululemon for the first time in his personal portfolio last week.
What do you think? Please watch the video below to get Steve's full take, then let us know in the comments section below whether you think Lululemon is a good buy at today's levels.
The article Why I Just Bought Lululemon originally appeared on Fool.com.Fool contributor Steve Symington owns shares of Under Armour and Lululemon Athletica. The Motley Fool recommends Lululemon Athletica. It recommends and owns shares of Nike and Under Armour. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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