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More foreclosures mean more people buying homes cheap and fixing them up. And who is putting in carpeting these days? Everyone wants laminate flooring.Whereas new home sales don't really add to sales for this company, the sales of existing homes absolutely means more revenue. The banks will be turning these homes over as quickly as they can and many of them will get new laminate flooring. Disclosure: I own IRL.
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Good stock for a recovering housing market
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PE of just over 21 and great promise
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http://www.fool.com/investing/general/2012/02/03/im-buying-this-stock-now.aspx
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They just do a better job for lower cost than the competition with higher rents and bigger boxes.
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As the houing construction begins, the stock could increase in value
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Scratching an itch.
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LL will continue to have success as long as they continue to focus on their core business. Their niche in the market is serving quality flooring at a great rate while not bothering with the other hardware store stuff. Also thei new CEO has done a tremendous job at turning the supply chains around. Looking forward to see what he can bring to the table.
Soon to be long on LL
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Knowledgeable sales staff, competitive prices, experts in flooring a category where Home Depot and Lowes fail because of poor training.
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good company, beat down price
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Best prices on high quality hardwood flooring. This company will use its size and pricing power to beat out the smaller more expensive competitors.
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high short float, volatile, market conditions not helping
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Industry is decimated and still no debt! If you are looking for an over sale I think it is this one. I've be waiting to buy it and with the market getting crushed today. Hey I'm in....
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I LIKE AT THIS PRICE
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Yet again, a company with a strong balance sheet. Zero debt. Company can open stores really cheap, and have been opening stores during this recession. When the economy starts growing again.. they will be there with doors wide open.
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Recently dropped to bargain levels.
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Housing starts are up, we have already hit the bottom of the housing market. Consumer spending can only increase. Stock is undervalued as is
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Waiting on housing
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Good balance sheet. Punished too much. Time to chime in.
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