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LL - Lumber Liquidators: Founder Ends His Exploration Of A Buyout For Now
Lumber Liquidators Holdings Inc
Lumber Liquidators' (LL) stock has been quite volatile lately after founder and former CEO Tom Sullivan increased his stake in the company from 1.3% to 7.7%, discussed potentially making a bid for the company, and then sold most of the stake he acquired recently.
The sale of the recently acquired shares apparently removes the potential for a near-term buyout and leaves improved operational performance and/or the end of tariffs as potential catalysts. Lumber Liquidators should be worth significantly more than its current price if tariffs end, but it is still uncertain about when