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LL Flooring Revision: Back From The GraveBuilding your new home is exciting, especially when you understand how the process works. It’s understandable that buyers are excited to see their new home built from start to finish says Chip Perschino, senior vice president of construction at Edward Andrew Homes. “Our homeowners enjoy watching the home come together, from pouring the foundation to framing and watching the home take shape,” he says. “Once the home has drywall, they start to visualize themselves living in the space and how they’ll use it — imagining what furniture goes where and how they’ll entertain friends and family there.
LLong
by noam_chom
New Floors with Lumber Liquidators LL commodities retail rally“Inequality can be done away with only by establishing a new society, where men and women will enjoy equal rights, resulting from an upheaval in the means of production and in all social relations. Thus, the status of women will improve only with the elimination of the system that exploits them.” Lumber Liquidators looks good for a reversal. Small share float, strong sales, strong P/B P/E P/C and near zero debt vs equity. Risks: Value Trap, Discretionary spending retraction, macro momentum stays negative
LLong
by noam_chom
5
$LL Target 33.34 for 23.53% $LL Target 33.34 for 23.53% Or next add level is at 20.64 This hasn't been exciting at all lately has it? Let's change that!!! Hit that Target LL — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading.
LLong
by SPYder_QQQueen_Trading
1
$LL Lumber Liquidators - Head & Shoulders 20%+ Downside$LL "LL Flooring", formally know as Lumber Liquidators, has formed into a very clear bearish head & shoulders pattern with a possible 20-30% downside. Monitor for a close below $20.00 for confirmation. If $20.00 holds as support and instead we see a close above the 20d ema line, this H&S will likely be invalidated. Price Target: $14.50-$16.50 range by early November Beyond the technical view of the chart, there are some fundamental headwinds that paint a bleak picture for the near & medium term. Per a report from Empire Financial Research (empirefinancialresearch.com): • Gross margins will be under pressure since the List 3 tariff exemption was recently repealed, which means that the ~43% of products LL sells that are imported from China are now subject to a 25% tariff. • Container shipping rates have jumped dramatically in the last 30 days and will likely remain elevated for some time until supply and demand imbalances are remedied. • LL imports almost all of its Luxury Vinyl Tile (LVT) from Asia and its laminate and tile from Europe. The USD is weakening as the pandemic recedes and the “fear trade” unwinds, making LL's inventory purchases more expensive in dollar terms. • LL's total inventory at the end of the second quarter was the lowest it has been since the first quarter of 2016, and on a per store basis it is the lowest since 2009. Replenishing this inventory in a world of elevated shipping rates, a weaker dollar, and an additional 25% tariff will put LL at a disadvantage to its larger competitors. • The home improvement boom may be fading. • The core small box concept may prove disadvantageous in the age of social distancing. • Rebranding may be a distraction. Note: This is NOT investment advice.
LShort
by Triple_Barrel_Capital