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Lumber Liquidators Holdings Inc Guidance Should Scare Us All



July 10, 2014 – Comments (3) | RELATED TICKERS: LL

Lumber Liquidators Holdings Inc (NYSE:LL) reported ugly guidance yesterday after the market closed. The stock is taking a major pounding, trading at $55.68, -14.74 (-20.93%). Considering this company is right in the middle of the home improvement industry, we should all be very scared of what it means for the broader economy. Lumber Liquidators Holdings guidance had been expected to be growth of 6-7%. Instead, they guided to a loss of 6-7%. This is a huge change from expectations and analysts are trying to figure out if it is a broader economic signal. Home Depot and Lowes are taking hits today as well as the general consensus is this is not company specific.

The Federal Reserve has stated that they will end quantitative easing in October 2014. With signals like this, investors need to start getting very nervous about holding large long positions in the market. More earnings to come in the next few weeks should tell more.

Gareth Soloway

3 Comments – Post Your Own

#1) On July 10, 2014 at 9:47 PM, awallejr (36.64) wrote:

And buy what Gareth?  Stay in cash and get .003% interest? There are a ton of mlps, reits and bdcs that offer way better and there is no reason not to buy them and just listen to ESPN instead of going into cash and listening to you.  Keep scaring people out.  You missed one of the greatest rallies in history.

Here are just a few to buy, hold and collect way more than tbills or cash:  AINV, NCT, SDRL, PSEC, ARCC, NZT, KKR, FIG, BX, WPZ, BBEP, RGP, MMLP, NADL GRX, AAPL, T, UAN.  Want more? Just ask.

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#2) On July 11, 2014 at 8:01 PM, TSIF (99.98) wrote:

He doesn't reply awallejr...he's all air...won't make any caps picks to prove his prowess...

The whole market was taking a hit when it wrote this....

No substanance. 


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#3) On July 12, 2014 at 7:37 AM, awallejr (36.64) wrote:

I know he doesn't I just reply to counter for the sake of any readers.

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