Josh Arnold
Long/short equity

Lumber Liquidators: The Low Hanging Fruit Has Been Picked

Overview

Lumber Liquidators (NYSE:LL) is a retailer of hard floor coverings and associated accessories in the United States and Canada. The company offers various types of hardwood, vinyl, laminate and engineered flooring as well as accessories such as underlayment, adhesives, tools and other complementary products. Over the past 18 months or so, shares have rebounded from a low of about $14 to trade at over $55 today, a gain of nearly 300% (weekly chart below). The question for investors now is, after the huge run-up in shares, will it continue? To answer this, we'll take an in-depth look at Lumber Liquidators' business, competition, risks and tailwinds for the stock.

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Operating Metrics

Lumber Liquidators operates 284...

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