Famed investor Michael Burry is going long on Lululemon Athletica (NASDAQ: LULU) because he believes the upscale athletic apparel retailer’s stock has been oversold and is now a bargain. However, Lululemon has been facing challenges like declining consumer sentiment, lower margins, and tariffs, leading to a more than 50% drop in the stock year to date. The company is expanding internationally and into men’s apparel to recapture market share and reported 22% year-over-year growth in international markets. Investors should consider Lululemon’s potential for a comeback, as Burry believes there is room for improvement in the stock.

Read more at Yahoo Finance: Is LULU a Buy Right Now?