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LL - Lumber Liquidators: Valuation Is Starting To Look Pretty Optimistic
Lumber Liquidators Holdings Inc
Lumber Liquidators (LL) has seen its stock surge in response to an upgrade from Loop Capital that gave it a target price of $18 (when it was trading at under $14). There is also the belief that the flooring market should benefit from people spending more time at home now and thus thinking more about housing projects as well as spending less money on other discretionary items such as entertainment and restaurants. While this may be true, its stock is now pricing (at $23) in a pretty favorable outlook for sales, while discounting