Investment Thesis
Lumber Liquidators (LL) has been on my watch list for a long time, given Whitney Tilson so frequently touts it as a value stock. Given the recent purchase by former CEO Thomas Sullivan of nearly $11 million, bringing his ownership in Lumber Liquidators to 5.96%, I dug further.
What I found is a meaningfully undervalued investment potential.
Q2 2019 Results: Uninspiring
My first impressions on looking over Lumber Liquidators was a remarkably lackluster business going through an incredibly challenging environment.
A business which struggles to generate stable free cash flows, and