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Lumber Liquidators Holdings, Inc. (LL)
NYSE - NYSE Real Time Price. Currency in USD
17.97-0.26 (-1.43%)
At close: 4:02 PM EDT
17.97 0.00 (0.00%)
After hours: 5:08 PM EDT
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Lumber Liquidators Holdings, Inc. (LL)
NYSE - NYSE Real Time Price. Currency in USD
17.97-0.26 (-1.43%)
At close: 4:02 PM EDT
17.97 0.00 (0.00%)
After hours: 5:08 PM EDT
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This thread is dead
Nope, merely acknowledging your affirmation. Though really, it required neither your admission, an epiphany, nor even a great stroke of genius - just the words of a meth-addled nutcase.
Ah, perhaps you missed the reference. Not surprising.
Be that as it may, the spelling was correct.
Still humanizing your meth-pipe, eh? Oh well, whatever fantasy makes it easier for you to bring it to your lips, I guess....
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lol, still can't admit huh? that's ok, most don't see their true image... it takes an epiphany.., you're just not ready yet.
gulp gulp on the spelling, again! lol did ya have to google honour to be sure?
it's not my meth pipe i'm speaking of babydoll... them are euphemisms... better get out the pipetionary LOL.
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I've made no admission nor denial regarding the nature of my participation on this message board. None is necessary - any more than it was necessary for you to out yourself by admitting you were passing off your lunacy as wit.
Nope. As I said, perhaps you missed the reference. (You figure with all the meth coursing through your system, you'd be able to keep up.)
....aaaaaand you keep on telling the voices that when you take your next hit.
Make love...Not War!https://www.youtube.com/watch?v=0twXvStT2Xs
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Can Lumber Liquidators Keep Going After Last Week's 15% Pop?
The home-improvement specialist moves higher on takeover speculation, but investors may not be so keen on walking this plank.
Rick Munar Sep 26, 2016
There's buyout buzz surrounding Lumber Liquidators () again. That was enough to send shares of the struggling hardwood flooring retailer 14.6% higher last week, but the gains will be hard to sustain if the rumor mill chatter doesn't pan out.
The takeover talk suggested that private equity was looking to pay as much as $30 a share for Lumber Liquidators. That's a tall order for a stock that began the week trading in the mid-teens, a point that some used social to pounced on.
If a buyout was to materialize it would certainly make sense that it would come from the ranks of private equity firms. These are the savvy cash-backed entities that could take Lumber Liquidators and give it a couple of years to restore its brand away from quarterly scrutiny before hitting the market again. There aren't too many home improvement retailers that would chance taking on the negative sentiment that Lumber Liquidators brings to the table since being called out for selling China-sourced laminates with noncompliant levels of formaldehyde. However, a $30 takeout price when you have to go all the way back to last October to find the last time that it wasn't trading in the teens seems like a bit of a stretch.
Lumber Liquidators' fundamentals would need to improve dramatically to justify that kind of markup, and the bitter twist is that if the fundamentals were to improve it wouldn't need a suitor.
Wood chucks
Last week's speculation was enough to send the stock to its highest levels of 2016, but the stock still has a long way to go to get back to where it was before a critical segment on 60 Minutes disrupted its momentum.
Lumber Liquidators initially rejected the claims that aired in the report, but investors and hardwood flooring shoppers weren't buying it. Lumber Liquidators eventually shook up its executive ranks and stopped selling Chinese-made laminate flooring products. Federal regulators eventually closed its investigation on Lumber Liquidators this summer, but customer hesitation remains. Net sales have fallen for five consecutive quarters with comps taking even bigger hits. It has posted losses for six straight quarters.
There are now more than 375 locations, so if and when shoppers come back it could be pretty powerful stuff. However, until comps turn positive and losses get reversed into profits it's hard to hop on a stock that's being kept up by buyout speculation.
remember this?
A 2013 report by the Environmental Investigation Agency revealed that Lumber Liquidators' indiscriminate and poor sourcing practices resulted in the destruction of critically endangered tiger habitats and forests.[5]
Further investigation lead to the conviction of a Russian supplier in 2014. Shortly after the conviction Lumber Liquidators lost about twenty percent in stock value for potential violation of the Lacey Act. During 2015, the company was involved in controversy regarding the level of formaldehyde in the Chinese-made laminate flooring that it was selling.[6]
On October 22, 2015, Lumber Liquidators pleaded guilty in federal court to the illegal importation of hardwood flooring.[9]
In February 2016, a federal judge sentenced the company to $13.15 million in penalties, consisting of $7.8 million in criminal fines, $3.15 million in civil forfeiture, $1 million in criminal forfeiture, and $1.2 million to conservation organizations.[10]
It was the largest financial penalty ever issued for violating the Lacey Act of 1900.[11] ).
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Last edited by hookdfisherman; 09-27-2016 at 10:42 AM.