Lululemon Stock Is Beaten Down Now, But It Could 10X

Recent years have been tough sledding for Lululemon Athletica (NASDAQ: LULU) investors. While the broad market indices are soaring, the apparel retailer's stock is down 20% cumulatively in the past five years -- and down 52% from all-time highs.Revenue growth has slowed significantly, with new competition entering the market amid slowing overall consumer spending on athleisure items. Pessimism has slowly crept into the share price, sending its price-to-earnings ratio (P/E) near a 10-year low.Despite this pain and underperformance, I believe Lululemon has a chance to 10x its stock for shareholders over the long haul. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool