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LL Flooring, the company formerly known as Lumber Liquidators, is closing 94 stores after filing for bankruptcy. ... which led to its stock losing almost half its value and numerous customer class ...
Shortly after the conviction Lumber Liquidators lost about 20% in stock value for potential violation of the Lacey Act. During 2015, the company's stock lost about half of its value in both the leadup to and the wake of a 60 Minutes report about unsafe levels of formaldehyde in the Chinese-made laminate flooring that it was selling.
It’s known as LL Flooring these days.
The stock of Lumber Liquidators Holdings (NYSE:LL, 30-year Financials) shows every sign of being significantly overvalued, according to GuruFocus Value calculation.
LL Flooring, which launched in Stoughton, Mass., as Lumber Liquidators in 1994, said it would hold closing sales at its roughly 200 remaining retail locations as the company moves to shutter them ...
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