In the following video, Motley Fool analyst Austin Smith tells us whether or not he would buy lululemon athletica (NASDAQ:LULU) today. He tells us that while the growth story for Lululemon could be attractive, it's an incredibly expensive growth story at the moment with the unbelievably high multiples the company is trading at. He also gives us two other companies in the retail space that he would see as more attractive buys, and better bets at the moment.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.