Time to Strike a Pose

Temporary setbacks are necessary if you are going to be able to buy cult-like stocks at reasonable valuations. Investors couldn't get enough of yoga-inspired lululemon athletica (LULU) during most of 2012 and 2013, even though it was trading at forward multiples as high as 44x.

On Thursday, the shares took a big tumble to the low $37's after adjusted fiscal Q1 earnings met expectations but full year estimates were guided down from $1.85 to a range of $1.71 - $1.76....355 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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