On today’s episode, Clay and Kyle give an overview of their best quality stock idea for Q2 2024. This quarter, they discuss Lululemon.Lululemon is well-known in the world of quality investors, and the share price has recently declined by over 30%. Tune into today’s episode to hear Clay and Kyle’s thoughts on Lululemon’s business and what the prospective returns might look like going forward.IN THIS EPISODE YOU’LL LEARN:00:00 - Intro09:09 - The competitive advantages of Lululemon.21:53 - How Lululemon’s margins compare to their competitors.33:24 - What will drive Lululemon’s future growth.37:46 - How large Lululemon’s total addressable market is.44:13 - Our assessment of the management team and balance sheet.60:24 - Our thoughts on the valuation.67:29 - Lululemon’s most important key performance indicators. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCES<ul>
<li>Join the exclusive <a href="https://www.theinvestorspodcast.com/mastermind-2/">TIP Mastermind Community</a> to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.</li>
<li>Books mentioned: <a href="https://www.amazon.com/Little-Black-Stretchy-Pants-audiobook/dp/B07J1RBNGY?crid=GY5T5SPCAF6Q&dib=eyJ2IjoiMSJ9.0whGBKmVgY6Szux2vcDUBRQ2yo3SeQfGUC-7uDURuY-xStUQjrvPkbJWAwTuEEub_dXT9fIDueJyqEezgTwF6SzyQJxF-k_QI64NDflr-ITCjUcQDIAZcaXpPmLnL3plhUijQr38UTbRv7jKQhpyOi2mcJrK9q3p_OltQJxUQu8Y4Yi4MPkZTjYDxYOqhRawMInCcfcQnb3NocOTev0dAIqDXbgTzsDQkny_R3xlYfY.cFosYct2vvq46U1qqVeJnH16RfoNh5fDMVDUfMP6NdE&dib_tag=se&keywords=lululemon+book&qid=1714247314&sprefix=lululemon+boo%2Caps%2C112&sr=8-2&linkCode=ll1&tag=tipnetwork-20&linkId=96954872f59aa09223fdb3006844c001&language=en_US&ref_=as_li_ss_tl">The Story of Lululemon</a>, <a href="https://www.amazon.com/7-Powers-Hamilton-Helmer-audiobook/dp/B07SPHZCNL?crid=S2QNGE2KWKE5&dib=eyJ2IjoiMSJ9.DdT3ZFJAqTQIp0uzthtmEFkJLDi8cSi3-ZHV4prrszaOkeuoaKNjdvQCNOfI2X1eWK4MHkkhfqsHXE6wxyEDm_ioHsI2Msrst0fXGlECahtOV63cSFZTS9x_DtiIncz630hzCMo_VEl4cWO7ZNM5bM1us35WrX-OeSxAy3eJ-js73JDk8PkkBBU7gSv2HdVoYYdeAqZEkTf089m_qYjM3NoJoPpl5u_RALxy8yaLU8w.2yaiXeHBxAiJket8POulzk7xaye4zP19214CjLKD1ik&dib_tag=se&keywords=7+powers&qid=1714248083&sprefix=7+powers%2Caps%2C114&sr=8-1&linkCode=ll1&tag=tipnetwork-20&linkId=65dd8afc9fbe1d39ef0d71929f9563e3&language=en_US&ref_=as_li_ss_tl">7 Powers</a>
</li>
<li>Related Episode <a href="https://link.chtbl.com/WSB604">TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve</a> | <a href="https://www.theinvestorspodcast.com/episodes/best-quality-idea-q1-2024-w-clay-finck-kyle-grieve/">YouTube Video</a>.</li>
<li>Related Episode: <a href="https://link.chtbl.com/WSB587">TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve</a> | <a href="https://www.theinvestorspodcast.com/episodes/dino-polska-a-polish-compounder-w-kyle-grieve/">YouTube Video</a>.</li>
<li>Follow Kyle on <a href="https://twitter.com/IrrationalMrkts">Twitter</a>.</li>
<li>Follow Clay on <a href="https://twitter.com/Clay_Finck">Twitter</a>.</li>
<li>Check out all the books mentioned and discussed in our podcast episodes<a href="https://prodcast.io/wsb"> here</a>.</li>
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<li>Browse through all our episodes (complete with transcripts) <a href="https://www.theinvestorspodcast.com/we-study-billionaires/">here</a>.</li>
<li>Try our tool for picking stock winners and managing our portfolios: <a href="https://www.theinvestorspodcast.com/tip-finance/">TIP Finance Tool</a>.</li>
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TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network