Jim Cramer Says He Stopped Liking lululemon When They Sued Costco

lululemon athletica inc. (NASDAQ:LULU) is one of the stocks Jim Cramer recently shared his thoughts on. A caller inquired if the stock, down 57%, might be worth considering at current levels. Cramer remarked:

“I tell you, I stopped liking them when I saw that they sued Costco for a really good product that Costco had. No, I’m not… Look, I think the American people want bargains. I would rather see you own Gap, which is going to be turning around this Athleta. That’s where I would go.”

lululemon athletica inc. (NASDAQ:LULU) designs and sells athletic apparel, footwear, and accessories for men and women, with products ranging from yoga and running gear to fitness-inspired items. A young caller inquired about the stock in a July episode and Cramer replied:

“Wow. You know… I don’t want to, like, Harrison’s obviously got horse sense. This is a really tough question because it is one of the five worst-performing stocks, I think, this year. I’ll tell you this, it’s down so low, I would be willing to take a flier. Why? Because you’re young. You got your whole life ahead of you. I think it’s worth it. To see lululemon down 43% this year, says to me, I want you to buy one share, but then you gotta wait… because I don’t want you to get married to lululemon.”

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Disclosure: None. This article is originally published at Insider Monkey.