The 'Big Short's' Michael Burry Has Seen His Largest Position Fall Over 50% This Year. Should Investors Sell the Stock?

Michael Burry's largest hedge fund position, Lululemon (LULU), has plummeted over 52% this year following weak earnings and a second consecutive full-year guidance cut. The luxury apparel maker reported a 9% comparable sales decline, citing negative brand sentiment, weak North American sales, and stale product lines. Despite the struggles, Burry remains invested and would buy more below $100, though analysts are divided with some slashing price targets significantly lower.