Lululemon Stock Rises 3% Amid Michael Burry's Endorsement and Strong Financial Health

Lululemon's stock price rose 3% after investor Michael Burry endorsed the company, citing its strong financial health and potential as an acquisition target. Despite a 42% decline in Q2-Q3 stock price, Lululemon has $1 billion in cash, a $593 million credit facility, and expanding margins and revenue growth. The company's valuation metrics, including a P/E ratio of 12.4 and P/S ratio of 1.95, suggest potential undervaluation.