LL - Lumber Liquidators: Unlikely Shelter In A Stormy Market?
Thanks to a maelstrom of misfortune, mostly of its own making, Lumber Liquidators (LL) missed out on the bull market of the last 5 years. As the S&P 500 rose over 50% since late 2013, those invested in what seemed a promising company suffered losses of 90%.
Once valued at $3 billion, LL’s market cap now sits a hair below $300 million. The infamous 60 Minutes story, and the lawsuits, scandals, and earnings collapse that followed, brought one of the market’s most promising companies to its knees. While considering the risks it still