Robert Way Introduction Lululemon Athletica Inc. (NASDAQ:LULU) has been on my radar for quite some time now, but I couldn’t fathom buying the stock at $400 or $500 when shares were trading at 40x to 50x its earnings. However, Lululemon stock has sold off more than 40% since the start of 2024, bringing its valuation down to much more reasonable levels. At less than $300 a share, Lululemon is beginning to look like an attractive long-term investment. Although shares did trade below $300 a little over a ye ...