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We Study Billionaires - The Investor’s Podcast Network

TIP627: Best Quality Idea Q2 2024 w/ Clay Finck & Kyle Grieve

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 3 May 2024

⏱️ 81 minutes

🧾️ Download transcript

Summary

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 - Intro 09:09 - 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 Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Books mentioned: The Story of Lululemon, 7 Powers Related Episode TIP604: Best Quality Idea Q1 2024 w/ Clay Finck & Kyle Grieve | YouTube Video. Related Episode: TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve | YouTube Video. Follow Kyle on Twitter. Follow Clay on Twitter. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota CI Financial AT&T Yahoo! Finance Long Angle iFlex Stretch Studios Public American Express USPS NerdWallet HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0

You're listening to TIP.

0:03.0

On today's episode, my co-host Kyle Grieve and I will be covering our best quality stock idea for Q2

0:08.7

2024.

0:10.0

This is a quarterly series where we share a quality stock that we find to be interesting and worth

0:14.3

considering for our own portfolios.

0:16.9

Even if you aren't into individual stocks or not interested in the company we're covering today,

0:21.6

you may find value in hearing our thought process for how we think

0:24.4

about analyzing a business.

0:26.6

This quarter we're going to be covering Lulu Lemon. Lulu Lemon is well known in the world

0:31.2

of quality investors as they have very impressive

0:33.7

earnings growth and return on invested capital figures and the share price

0:37.3

has recently declined by over 30 percent. During this episode you'll learn

0:41.6

about their business model, growth drivers, valuation, the competitive

0:45.7

landscape, management team, balance sheet, and much more.

0:49.1

If you missed our previous two episodes on our Best Quality Idea series, I've linked them in the show notes in case you're

0:54.5

interested in checking those out as well. Also at the end of this episode Kyle and I are also

0:59.3

going to talk about what we've been up to recently in our TIP mastermind community. With that let's get right into today's

1:05.6

episode on Lulu Lemon.

1:10.9

You are listening to the Investors Podcast.

1:14.0

Since 2014, we studied the financial markets and read the books that

1:18.0

influence self-made billionaires the most.

1:20.0

We keep you informed and prepared for the unexpected.

...

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