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Veteran Retail analyst Brian McGough and his team put out a Lululemon Black Book three months ago (and nailed the drop in the stock.)

He and his team worked like Alaskan sled dogs this past weekend and delivered a granular, deep-dive follow-up Black Book for Hedgeye subscribers. They nailed the inflection – for all the right reasons.

McGough remains "cautiously bullish" on LULU.

Here's his video earlier this week.

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