I notice that John Hempton of Bronte Capital is scratching his head with Lululemon’s (Nasdaq: LULU) valuation. I’ve been scratching my head since they had a $2.8 billion market cap, and now they are trading at $9.2 billion. They are headquartered in Vancouver, British Columbia, Canada, which is right in my backyard. The after-tax profit … Continue reading Lululemon valuation