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With the downturn in the new home sales and the overall housing market in the toilet, most people are opting to stay in and remodel their homes hoing for that eventual rebound in the housing market. Almost any solid company involved in the DIY remodeling business is likely to be a winner, but LL being new to the investing market and their low overheads and methods of distribution is probably a good invesment.
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PEG of .70
Debt/income ratio of .34
High growth rate
Undervalued
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Cheap valuations, with weak dollar and heavy advertising in GB i beluive this company will grow fast. Good managment team. I am up 15% with this stock in my real portfolio and i really like the company.
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If the sales of low price lumber goes well overseas, this stock should rise confidently.
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people will be remodeling existing homes and lot's of flooring will be installed
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23 quarters of profit. What else is there to say?!
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I have been waiting for this company to come public for my real money account. With a Forward PE of 10.90, Price to sales (ttm) 0.53, and a PEG of 0.56, not to mention sentiment towards anything related to real estate, and banks being very negative, I can't NOT buy shares. In fact, this is the type of company I have been waiting for small cap, heavy insider ownership, in an unloved industry, etc...Not to mention the fed is easing, and the President is pushing for a stimulus pkg. When interest rates drop, so homeowners can get a good deal on a home equity loan,and the middle class gets a check from the government, and when the cyclical real estate market heads upward, I say Lumber Liquidators gets a lot more BUSINESS!!!!!!!
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