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Lumber Liquidators Holdings, Inc. (LL)

NYSE - NYSE Delayed Price. Currency in USD
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24.83-0.61 (-2.40%)
At close: 4:02PM EDT

24.84 0.01 (0.04%)
After hours: 7:58PM EDT

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  • Overheard.

    On June 29, 2017, Lumber Liquidators, Inc., a wholly-owned subsidiary of Lumber Liquidators Holdings, Inc. (the “Corporation”) and its affiliated entities (collectively, the “Company”) and Gregory A. Whirley, Jr. agreed to terminate Mr. Whirley’s role as Senior Vice President, Finance and Risk Management, effective as of August 11, 2017. In connection with such termination, the Company and Mr. Whirley entered into a Separation and Release Agreement (the “Agreement”), dated June 29, 2017. Under the Agreement, Mr. Whirley will receive 52 weeks of pay at his regular base rate of pay as of August 11, 2017 (the “Separation Pay”). In addition to the Separation Pay, the Company will pay Mr. Whirley an additional $100,000 over such 52-week period. As consideration for these severance payments, the Agreement contains customary cooperation, non-competition, non-solicitation, confidentiality, non-interference with contracts, non-disparagement and release of legal claims provisions.

    Who is filling this spot?
  • #$%$ is up with the wild swings in the PPS on a daily basis?
  • Over valued at $24? I think you meant over valued at $124.
  • Not heavy volume but obviously a nice move - any rumors/news?
  • 50 day ema $26.04 let's get some volume into the closes and close at the high of the day!
  • Just announced,

    "Lumber Liquidators To Report Second Quarter 2017 Results On August 1, 2017

    Jul 20, 2017

    TOANO, Va., July 20, 2017 /PRNewswire/ -- Lumber Liquidators (NYSE: LL), the largest specialty retailer of hardwood flooring in North America, today announced that it intends to release second quarter 2017 results on Tuesday, August 1, 2017.

    Lumber Liquidators. (PRNewsFoto/Lumber Liquidators)

    The Company plans to host a conference call and audio webcast on August 1, 2017, at 8:00 a.m. Eastern Time. The conference may be accessed by ...
  • Institutional ownership increasing dramatically to their positions in LL. Vanguard Group Inc. increased its position in shares of Lumber Liquidators Holdings by 7.9% in the first quarter. Vanguard Group Inc. now owns 2,341,389 shares of the specialty retailer’s stock valued at $49,145,000 after buying an additional 170,735 shares during the last quarter. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Lumber Liquidators Holdings by 204.1% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,841,021 shares of the specialty retailer’s stock valued at $38,643,000 after buying an additional 1,235,707 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Lumber Liquidators Holdings by 14.6% in the first quarter. Royce & Associates LP now owns 566,797 shares of the specialty retailer’s stock valued at $11,897,000 after buying an additional 72,000 shares during the last quarter. State Street Corp boosted its stake in shares of Lumber Liquidators Holdings by 11.2% in the fourth quarter. State Street Corp now owns 560,896 shares of the specialty retailer’s stock valued at $8,825,000 after buying an additional 56,425 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Lumber Liquidators Holdings by 0.6% in the first quarter. Russell Investments Group Ltd. now owns 488,482 shares of the specialty retailer’s stock valued at $10,252,000 after buying an additional 2,876 shares during the last quarter. 74.94% of the stock is owned by institutional investors and hedge funds. Looks to me all good things coming our way. There may be one last push down to the low $20 area to fill the gap if so I add.. Good Luck Longs!!
  • I am not educated in this area, so some help would be great. Is the FND thing a serious threat to LL, is it substantially material or is it a non issue?
  • Downside risk pretty much eliminated now I would guess, thoughts? Do you guys find it difficult to know when to buy or sell something? I prefer to get my stocks from AWEsome.Stock-s.
  • According to recently released existing home sales data by the National Association of Realtors, existing home sales increased 1.1% to a seasonally adjusted rate of 5.62 million units in May. Sales were 2.7% higher than the year-ago level, growing at the third-highest clip in the last one year. It is important to note here that existing home sales make up a large part of all the U.S. homebuilding activity relative to new home sales.

    Meanwhile, new home sales increased 2.9% month over month to a seasonally adjusted rate of 610,000 units in May, per the latest report released by the Commerce Department. April's sales pace was also revised sharply to 593,000 units from 569,000 units. Sales of new single-family houses in May 2017 were 8.9% higher year over year.
  • The Q2 earnings season is gathering steam with 15.4% of the construction companies having already released their numbers. And they’re unblemished with earnings as well as revenue beat ratio of 100%. Major homebuilders such as KB Home (KBH), Lennar Corp. (LEN) and Toll Brothers Inc. (TOL) have outperformed the Zacks Consensus Estimate by 26.92%, 16.67% and 17.74%, respectively.

    Investor sentiment is quite high at the start of the second-quarter reporting cycle given the solid earnings outlook and favorable homebuilding/housing industry fundamentals. The S&P Homebuilders Select Industry Index has returned 14.6% year to date. The Zacks categorized Building-Residential/Commercial industry has gained almost 30% so far this year, faring a lot better than the broader market (S&P 500) that has returned 9.3%.

    The housing market stands tall courtesy of continued strong job growth. The 2017 outlook for homebuilding is quite compelling, given historically low mortgage rates, healthy demand, consistent job growth and solid homebuilders’ confidence. Although homebuilders’ confidence dipped slightly in June, it’s still above 50, which is encouraging. Moreover, mortgage rates are near historic lows even after the Fed’s recent interest rate hike. Through May 2017, the U.S. economy added jobs for the 80th straight month. The unemployment rate was 4.3% in May, the lowest since 2001.
  • Q2 earnings report can't come soon enough IMHO. I may be wrong but it seems like LL will stop sideways-down movement and climb quickly back up to 30+ ... assuming decent numbers and no increase to the $18M charge for MDL.
  • LL Short Interest have been crushed... ACRX Shorts now getting whacked, Monday Volume 27 x the 3 month average; 2 back-to-back ACRX Buy Recommendations, implying 400% upside based on the high Price Target... By the way, are the last of the LL lawsuits over???
  • Just cancelled all my sell orders. Shorts can borrow all my shares at this price. If that lets the big boys stick some little shorts with the tab, I don't care. This whole long, drawn out price recovery is as phony as the original accusations. All just a tired scam to first bilk people out of their money then bilk them out of their shares, then repeat. I originally planned to sell LL when it reached some "fair value", but seeing how long we longs have been forced to wait and how many have given in to this monkey in the middle game to keep investors away from their money -- I'm now thinking I'll hang on and not sell until LL is as overpriced as it has been underpriced for the past two and a half years. FWIW, I'm even more "all in" since I tapped the wife's IRA, too.

    And if it works out that a takeover by Lowes, or some sleazy bank stops me from getting a fair price for the abuse I've been through with this stock, I will do something I've never done and join the inevitable shareholder class action. The shysters can't always be on the wrong side, right?

    As discussed before, I would not have named my flooring startup a "liquidator". But then again, I haven't ever started a flooring company, have I? The name is not the problem with LL. If anything, LL's problem is that it's approach to flooring was too radical, too efficient, and too successful for anyone to compete with. Rather than let another Amazon build out and replace thousands of unnecessary jobs, the government decided to step in and squash Tom Sullivan, especially after his little interview on Fox business where he was insolent enough to question Obama's recovery back in 2013. So what if consumers have to pay a little more.

    When Bob Dole ran, he warned that "a government that seizes control of the economy for the good of the people, ends up seizing control of the people for the good of the economy." I didn't understand that, back in 1996. But I'm starting to.

    I hope there's no settlement tomorrow. Whatever happens, the market maker will script the immediate action for the benefit of the big boys. I'll revisit my trades after the company issues a statement I can digest. Because there are just too many lies and liars to think you understand the situation based on the first day's rumors and headlines.

    I hope the "plaintiffs" who refused to sign their claims under penalty of perjury never do and the ones who lied are prosecuted. The only people who deserve anything are the Brandts who apparently did ask direct questions about formaldehyde and got incorrect answers. But this new management we imported from Lowes seems likely to throw we shareholders' money at the problem, and thereby get more control over the company. If Warren Buffett brokers the deal, we may get a hint of who really did this. But I bet a scam like LL's treatment is too shabby for even him to claim.
  • No resistance until 66. This used to be 100+.
  • In other news, there are new court documents posted on the website for the durability MDL. To my layman's eye, this motion for summary judgement ruling and memo are basically the same as the ones Trenga did in the formaldehyde case. A few specific plaintiffs' claims dismissed but the process drags on.

    The plaintiffs seem to be more focused in their complaints, or better coached by their counsel, depending on which side you're rooting for. The argument, like the formldehyde case, comes down to whether the products pass or fail a particular laboratory test, in the case of durability it's the EU's AC3 test.

    The extent of the plaintiffs' evidence is that two of their floors were tested and failed. Considering that manufacturing is variable, there is some inevitable defect rate; otherwise there would be no need for the warranty reserves LL sets aside. It's not clear if they are alleging the defect rate is 100% (two out of two), but if they were, you'd think they'd have found more than two floors by now. Maybe the big reveal in court will be 20 more defective floors (!) Or maybe the fact that 15 were lab tested and only two failed. Or that they had to examine 50 plaintiff's floors with alleged defects to pick two to submit for AC3 testing. This selection of which floors to test can seriously indict the conclusion of the test.

    Bur regardless of the failure rate, I don't think manufacturers are legally required to sell 100% perfect products, but to do what they claim to do and to fulfill any warranties promised when they haven't. Against that standard, it's completely unremarkable that out of the millions of floors sold by LL, two of them failed to satisfy their purchasers and were subsequently found to be less durable than designed. The only question was why LL did not these replace these two plaintiff's under warranty. Was there water damage that compromised these plaintiff's floors' durability? Was a warranty claimed filed with LL or did the plaintiffs go directly to their lawyers? I didn't see any explanation from LL in Trenga's memo, but I may have missed it.

    (Most likely, the plaintiffs abused their floors somehow and invalidated their warranties, but then saw a chance to dogpile on the formaldehyde bankruptcy. When that didn't happen, they got around to testing floors and two plaintiffs hit jackpot and found at least one stick of laminate from either their floor or the leftovers (which can be deliberately not used because visible defect) that then failed the lawyer's chosen lab's (labs'?) AC3 test. A durability test which neither of the two plaintiffs had likely ever heard of before their two floors failed, but which their lawyers have coached them to say was the whole reason for choosing LL's floors, not the price, design, convenience or showroom display.)

    Net, the beatdown continues. Justice, sufficiently delayed, is no justice at all. It seems that LL's managers can't manage to settle these piddling charges or manage to mount a vigorous defense either.
  • SO, what is the verdict?
  • Still trading at 20% of old high. Losta upside IMHO
  • This stock almost never goes up anymore