TTS - Lumber Liquidators Could Be Attractive To A Buyer
It was a rough quarter for flooring retailers. For Floor & Decor (FND), growth slowed, and for Lumber Liquidators (LL), traffic failed to increase... again. LL management has done an admirable job returning the company to profitability on an adjusted basis; however, sustained comp growth from the heady days before the damning 60 Minutes exposé seems elusive, if not impossible. Surely, by now, after several years of declining traffic, investors are expecting the eventual rebound. Instead, traffic has persistently flat-lined for the last couple of years. My sense is that management is at