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LL - Lumber Liquidators: Treading Water Until Tariffs Are Removed
Lumber Liquidators Holdings Inc
Lumber Liquidators (LL) lowered its 2019 guidance slightly due to the impact of the 25% tariffs as well as merchandise sales continuing to be a bit weak. Lumber Liquidators has worked to mitigate the impact of tariffs, but will still likely see its margins take a significant hit in 2020 if the 25% tariffs continue.
Lumber Liquidators looks likely to tread water while the 25% tariffs are in place, but could be worth more than double its current share price if/when the tariffs are removed.