LL - Lumber Liquidators Now Appears Modestly Undervalued Even With Tariff Risk
With Lumber Liquidators (LL) falling to its lowest closing share price since March 2016, it now appears to have some decent upside, despite the challenges it still faces with tariffs and sluggish comparable store sales growth.
Although the tariff issue is still weighing on the industry, the delay in implementing the 25% tariff rate to allow for additional negotiating time gives some hope. However, even if that doesn't get resolved in 2019, Lumber Liquidators looks to be modestly undervalued based on its current share price and projected 2019 EBITDA.