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LL Flooring Holdings, Inc. (LKU.F)

Frankfurt - Frankfurt Delayed Price. Currency in EUR
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16.300.00 (0.00%)
As of 08:03AM CEST. Market open.

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  • J
    Jerkstore
    Looks like Famous Rhodes just bought 6635 shares with his own money. That doesn't happen often at LL.
  • O
    Ooh Blah Dee
    Expanding store count in a recession. Brilliant.
  • S
    Sweatin
    I thought MAYBE this time they can surprise to the the upside. Yeah, right.

    Time for new leaders at this sinking ship.
  • n
    nuhusky82
    What I don't get, this stock goes down on no news and continues to go down on the Quarterly Earnings. Fire the management today and the price would probably go up. Addition by substraction
  • A
    Accelerator
    Breaking the double digits. Must be LL's stock buy-back program at work.
  • A
    Accelerator
    Continued anemic development of sales. LL did not participate in the home remodeling boom of 2020 and 2021. Increases in costs are not offset higher revenues or margins. LL's strategic plain ain't working.
  • O
    Ooh Blah Dee
    So far, my favorite part was when Chawls warned that there was "significant" risk that the sales/margin/etc. might not keep up with the growth in SG&A.

    As if cutting SG&A was utterly unthinkable.

    Which it is, as long as he's there.
  • O
    Ooh Blah Dee
    All told, being down 5% today, this is holding up much better than I expected.
  • C
    Charles
    A bet for this board: LL operating expense will grow faster than revenue and earnings this quarter (again). Who will take the other side?
  • O
    Ooh Blah Dee
    I wonder how the new 15% tax on billion dollar companies will affect LL. We sell almost a billion each year, and yet our market cap is approaching 15% of sales. It'd be ironic if our tax bill was equal to the value of our investment -- and year after year.
  • O
    Ooh Blah Dee
    Just to repeat myself for any muppets new to LL that might be bottom fishing and just noticing the new 52 week low and thinking of taking a chance at this price.

    Don't do it. This has been a easy business to run since the formaldehyde debacle -- strong housing, low rates, general economic growth. And even during Covid, this was one of the few industries that experienced almost normal sales. And through it all, this management team drove the price from $40 to last month's $10.

    But for a few weeks now we've been in a recession combined with increasing mortgage rates reducing housing. I don't think any of us can imagine how bad a job they will do when they don't have the massive tailwinds they've wasted for these past six years.

    I wouldn't touch it at today's $8, or $4 or $2. But I'd buy it for up to $15 if the founder Tom Sullivan announced he had taken over the company. (And not just pretended to to raise a little pocket money, like he did 3 years ago to pay off this management's nuisance suit over the last few month's of a non-compete agreement.)
  • O
    Ooh Blah Dee
    On a previous comment I referred to LL as a "sticky-trap" for investors. That comment has somehow been removed, possibly because of one of you complaining. So thank you for all you do, but I don't like having my speech cancelled.

    So yes, LL is a sticky-trap, and like a roach, the more you trade to get out, the more you get stuck.

    Like a wolf I had to chew off my leg to get out. More like two legs.

    Don't go there, at least not until management changes.
  • O
    Ooh Blah Dee
    Monthly real estate numbers come in this week. Today we had NAHB housing index come in at 55 vs. 66 expected and 67 last period. Housing permits and starts tomorrow, 7/19. On Wednesday: at 7:00 we get Mortgage rates, applications and indices for purchases, market, and refinancing; at 10:00 is Existing Homes sales. Then on Tuesday, 7/26, we get the House Price Index at 9:00 and New Homes sales at 10:00, followed by Pending Home sales on Wednesday, 7/27, at 10:00.

    Not sure what all that may tell investors. The website is sticking with 10% off discounts as of this morning, whether that's all "whistling through the graveyard" before worse news or simply all the discounting they need to keep the wheels of industry humming won't be known for weeks.

    If I left the party too soon it won't be the first time. Funny thing is, I'd buy in at $15 tomorrow if Tom Sullivan were to throw out these sponging posers. I'm sure whoever's in charge, (above Richmond) is setting up something.

    There's a railroad strike likely in a few weeks offering some nice fluctuations followed by an inflationary signal for more raises and spending -- Now if I could only think of some financial heavy hitter who owns railroads ...
  • C
    Caroll
    I knew that would work, I just had to sell a few shares and the price would rise, even with a bad report. LOL, just to lighten the mood on this chat. Have a great Day fellow longs, our day will come sometime.
  • S
    Sulier
    I am sick of all the spam on yahoo! I actually try to stay off of the LL message board now and exclusively use (http://Themaxgains.tech)
  • B
    Bill
    Yet another brilliant company overpays for their own stock when they know business is poor. $7 mil in the $12’s. Why not wait and get the opportunity to buyback 25% more stock with the same $$ amount in a couple months ?
  • O
    Ooh Blah Dee
    This fine Friday morning, July 29, LL's stock price seems comfortably on the verge of leaving behind single digits and taking its rightful place, onward and upward, as Powell's steely hand at the helm, stands ready to stare down inflation, with just the weensiest hint of recession. Flooring specifics, like mortgage rates, home sales and prices, and workforce participation are all moot. ("Moot, I say! Moot!")

    But on a purely tactical note, (not technical, because I'm not smart enough to look at a chart if the plot is upside down or backwards), there were 560 puts traded yesterday, deep out of the money and for the longest listed Januaries of 2023 and 2024. What was interesting is that every one of those trades was closing an open contract, settling up an obligation to buy rather than merely passing it along to someone. So someone who previously promised to buy LL at $3 and $5, perhaps to limit their risk from a short position, decided to buy back that obligation to buy. This rather than wait six months or a year and half for the calendar and the previously mentioned onward and upward scenario to drive the market price of their obligation to buy 56,000 shares to zero. So they used yesterday's uptick to back out of their commitment to buy LL at half off and 70% off today's price (the $5 and $3 strikes, respectively.

    Should an average-Joe, muppet investor like us be worried that someone with the money to have promised to buy $500,000 worth of LL today, but only if it drops to $200,000, no longer feels comfortable with that committment, and is willing to pay $9320 to get out of it? I don't know. But whoever held the other end of that promise now no longer has someone guaranteeing their shares of LL won't drop to $5 or even $3.

    You can look up options in detail for one day back at CBOE's site, if interested.
  • B
    Benjo
    I am looking for $6 now.
  • B
    Bill
    Changing the name to LL flooring was stupid. The formaldehyde thing was a long time ago people have short memories. Lumber Liquidators was the low price blowout surplus brand. Now they sound like every other little average flooring joint. Did chipotle change their name after the E Coli issues ?
  • A
    Accelerator
    This stock seems to know only one direction.