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Lumber Liquidators Holdings, Inc. (LL)

NYSE - NYSE Delayed Price. Currency in USD
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19.08-0.09 (-0.47%)
At close: 4:00PM EDT
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  • n
    nuhusky82
    Looks like the market isn't too thrill with the new playmate, but think Nancy and Chuck will have another person to share the companies money with
  • W
    Wizzles
    Armstrong Flooring reported earnings for Q2. They reported increased sales over Q1. A big topic of the call was the cost of freight and shipping delays. What are people's thoughts on how this will play out for LL. LL reported eps of .34 last quarter and analysts predicted 0.24 this quarter. If sales remain high, should we really expect a 30% decline?
  • O
    Ooh Blah Dee
    I'd think the shorts would be out in force this morning. Did they cover too soon? If so, will they go back to the well again?

    The most difficult thing in the market is to buy the low and sell the high, in whatever order.

    I think that's the meaning of the Rothschild quote from Livermore: "I have found an easy way and I stick to it. I never buy at the bottom and I always sell too soon."

    Bonus quotes!

    "The nature of the game as it is played is such that the public should realize that the truth cannot be told by the few who know."

    "A man must know himself thoroughly if he is going to make a good job out of trading in the speculative markets."
  • C
    Charles
    Pulling this out of reactions, as I am interested in this board's reaction to these thoughts:

    Thank you James for calling out the increasingly weak performance of this management team. It has been 1.5 years since Knowless was shown the gate. The numbers are theirs now...and have been for a while. Management appear to be getting beaten to the punch on sourcing and it is increasingly hard to ignore as sales lag competition. Clinging to justification to avoid offering any guidance (what a relief for them!). Losing share to FND et al on product side. PRO a long fuse initiative by their own admission. No compelling value proposition or strategy there. SGA still WAY too high. Board too relieved (and complacent) to be out of the fire from past sins to spur real action. Short interest climbing steadily, new YTD highs at each publication.

    This is still a good core operating model. Not that hard to add a $1 EPS and get multiple back up to 15x. Potential for a $45 share price, but not like this...new management team appears to be fumbling the ball
  • W
    Wizzles
    LL is opening another store in Visalia, California. Unless I've missed some, that brings the total to 7 new stores for 2021. In Q1 they set a goal of 12-15 new stores for 2021.
  • J
    Jerkstore
    I do have to wonder how much of the decrease in share price of LL has to do with the crash of lumber. There are a lot of people these days who don't know what they are investing in. Was there a significant number investing in Lumber Liquidators as an alternative lumber play? Volume has been super low the past several weeks so maybe those who know what LL is are holding and only those who didn't know or were trading are selling.
  • C
    Caroll
    What we're seeing here is proof that most people buying and selling stocks don't care about actual value or the strength of the company. WTH, solid future, profit making company that just isn't popular with people buying stocks.
  • W
    Wizzles
    Looks my portfolio hitched a ride on Bezos' rocket
  • J
    Jerkstore
    Current PE ratio of the S&P500 - 46.41. Current PE ratio of LL - 9.3.

    Sure, this makes sense...
  • W
    Wizzles
    There's a whole lot of noise and chatter, especially from desperate people. I'd like to point out some healthy sound indicators. Their PE is now less than 9. Their Revenue is $1B and their market cap is $500M. Their assets + cash -debt is more than their entire market cap. I know this message will be spammed by barking shorts, but the fundamental fair value of this company is rock solid. You may hate management and think you have all of the solutions. I have my own disagreements; however, the company had to go through a lot of #$%$ to get back on its feet, and I am excited about how it will use its sizeable cash position in the future.
  • M
    ManBySea
    Looks like we are going to be further flushing the shorts out of the market now!
    Starting with: $CNK $COIN $HOTH $LL $LUV $ME $PRVB $SDC $SENS and $VIAC for starters! Expect the shorts to attempt a couple more last ditch efforts but those poor shorts are getting clobbered repeatedly this year!!
    Bullish
  • J
    James
    New home sales down.

    Keep that downtrend moving!!!
  • W
    Wizzles
    The assets - total debt + free cash flow is the same value as the market cap. That is quite a convincing argument of it being worth more than it is currently valued.
  • O
    Ooh Blah Dee
    Rewatched Shaun Of The Dead last night. Still the funniest, feel-good Zombie movie.

    This morning I'm struck by the movie's take on the the well-known stages of zombification -- being bitten, feeling sick, saying goodbye to loved ones, dying then reanimating, briefly staring confusedly at one's friends and family before trying to eat them.

    I wonder which stage the overall market is at today. Are we still fighting the good fight against long odds, but still uninfected? Or at some further stage.

    Historians of the stock market and zombie movies both know that there's a resolution at the end of the story, with some characters gone and the world looking forward to starting over. And the greatest tragedy is the last good guy to die before the situation somehow stabilizes.

    There's no reason per se that the market couldn't stabilize here. But then again, nothing in America (and hence, the world) is moving toward stabilization.

    Let's be careful out there.
  • J
    James
    Lower lows, and lower highs.

    True artwork!
    Bearish
  • M
    M
    LL been a lousy investment for me.
  • B
    Benjo
    I am not finding any value in this before $8. No position, but truth !
  • W
    Wizzles
    This coming quarter may prove difficult to meet expectations. Cost/sale has probably risen slightly, while I'm guessing demand is about the same as the previous quarter. Meanwhile the analyst ave EPS prediction is the same as last quarter.
  • J
    James
    At what price will you guys sell?
    Bearish
  • M
    Matt
    Despite management malaise, the chances of this stock not going back to $37 in the next 2 years is very slim, never mind if they were to actually get a fair value, ….so I hold…
    Bullish