---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000871196.md"
description: "One of Michael Burry's top positions needs helpLululemon just hit its worst drawdown in nearly 20 years, down 77% from its all-time highYet Michael Burry just doubled his position to 17% of his portfolioHe called it "screaming cheap" ahead of earnings on September 3rdHere's what he sees:• LULU trades under 10x earnings, the only major U.S. clothing retailer that cheap• Only 2 of 32 analysts give the stock rate a "Buy", which is the same bearish setup right before its 2018 turnaround• The margin damage is coming from tariffs, not falling demand, down 380 basis points, partly offset by cost cuts• A new CEO from Nike takes over in September, the same playbook that quadrupled the stock off its 2014 low"
datetime: "2026-08-26T13:40:14.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000871196.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000871196.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000871196.md)
author: "[Michael Burry Tracker](https://longbridge.com/en/profiles/17582432.md)"
generator: "portal-rs"
---

# One of Michael Burry's top positions needs helpLul…


### Related Stocks

- [LULU.US](https://longbridge.com/en/quote/LULU.US.md)
- [NKE.US](https://longbridge.com/en/quote/NKE.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**