When my broker talks, people listen.
Of course kase won't get any part of the huge gain; he's very pessimistic
so he made money by following Whitney Tilson and shorting LL Kase
predicted LL would drop to $7 and that was his downfall. .
Don't laugh; he now has beer and gas money for years.
Good thing gas is cheap.
The company has hired FTI Consulting for their IR and I spoke to Steve Calk. One of the things I asked about
was the tweet from Charles Gasparino and if you would like to know what he has to say about that, you should
call him yourself.
I am going to call the company "Lumber" from now on because that's the name Steve used in our conversation. I think it is COOL or at least cooler than...
I asked if it was okay with him if I repeated what he said to me and he said he would rather I did not.
LL wants to concentrate on business only for the foreseeable future and they don't want any part in promoting
talk on message boards other than just about the business.
Naturally he didn't mention anything to me that would be considered inside information but I think we are going to have a lot more fun as shareholders in 2016 than we did this year and I am excited about it and I am
glad to be holding very close to a block of shares.
If you say 3.74 will hold as the low, give this topic a thumbs up!
If you believe Ray Puke lives in a smelly alley, thumbs down !
Husky, yes and the fact that LL has not set aside any money for any fines or other expenses related to formaldehyde means to me also that this is just a waiting game.
You fellow holders should look at the story of DMND. This is the Diamond Nut Company and about 3 years ago was a situation of accounting irregularities and the CEO and CFO both lost their jobs. Diamond had been quite a high flier, but on the scandal news it dropped as low as the $13 bracket. I just read that some of the longs are selling around $40 and the company is being bought out. I noticed a recent high of around $42.
Note that DMND has always had a lot of debt, whereas LL has practically none. DMND also had problems
with their walnut growers who were determined to break the contracts that Diamond had with them and it
was bad news after mostly more bad news.
I would say that LL is the Bluest of Blue Chips as far as our story compared to Diamond's awful mess.
They are not COMPLETE idiots... I guess.
Can we hold $14? We should after several
attempts. This is still a BULL MARKET, or
so they tell me.
Hi Ethie, wherever you are..
60 Minutes should be shown that they cannot do damage to a great American Company
for the simple reason their ratings are terrible. They definitely told lies on that show!
Short SELLERS CANNOT make accusations against a company; drive the share price down
90% and then say, GOSH, I may have guessed wrong, but I made a lot of money,
so what's the big deal?
Insurance companies cannot announce to the world that they intend to deny claims when
they do not even know the facts involved and still don't, even today.
If LL is not hiding any wrong-doings they could set up a subsidiary to just sue, sue, sue
because they have GROUNDS AS GOOD AS GOLD!
They could name it Simply; LL Sue Crazy. What's wrong with that?
We already have companies like Yahoo!, FitBit and Google! LOL
I want a one-time dividend of $15 per shares from the settlements! LL could win $200M
and it wouldn't be enough to cover the total damage to their business as well as to their
Am I right?
I think it is likely that back when LL was raided by a government agency, regarding the
receiving of illegal Siberian Wood, again from the Chinese, that it caused revenues to
start to drop, DUH. This was back in 2013, I believe.
I don't agree that that was anything that should have cost LL a total of about $13,000,000.00.
I don't think it should have cost anymore than1/10th. of that. I also read that Russia gave the
Chinese permission to harvest that timber. Also I do not believe that LL intentionally and, or
knowingly did anything illegal concerning that endangered type of wood.
Also I would say that when a short seller goes on television and says that LL is "EVIL and the
share price WILL go to zero", plus 60 Minutes indicating the same thing, that would definitely
cause a problem with revenues and earnings until the facts are known.
Speaking of facts, WE DON'T HAVE ANY FACTS regarding the Chinese Laminates purchased
and sold by LL.
But recently we have that same short admit that he was wrong to call LL EVIL.
So he shorted
LL shares, called LL evil plus all the other lies he told, and months later, covered his short
at a very nice profit and the shareholders who felt like they were in The Twilight Zone before
this, still feel about the same.
I like to deal in the truth and I am waiting for the truth. And if the truth costs me my entire investment,
I will just have to consider it a bad break and I will just try to recover, eventually.
You don't need to get nasty now. I know what NOLs are.
Companies that never make a cent of profit have lots of
Am I right?
Shorts seem nervous while the shareholders are
2015 will be known as the year of the pessimist.
2016 and beyond will be OUR TIME !
We are talking about a fabricated rumor; there is no truth to it!
I certainly would go along with a shareholder vote, but there won't
be one for years.
I know these things.
P.S. I don't need "news" from Gasparino. I will get my news from
Lumber Liquidators. In fact they email it to me.
I sold some shares tonight. I can't believe the share price was
affected so much by what that lizard had to say.
You could meet more honest people in a dark alley in Joisey. IMO.
Nice post and well written. I would say you are sincere and you know
what you are talking about! Thanks.
Management or someone representing management agreed to the deal.
That can't be undone. It's over.
To me the NOLs are what made it a decent deal.
If Provenge was any good why couldn't DNDN make big money with it?
I don't care as a shareholder, but the deal is done.
I wish you well but you need to move on and try to make some money
on another stock pick.