noam_chom

LL Flooring Revision: Back From The Grave

Long
noam_chom Updated   
NYSE:LL   LL Flooring Holdings, Inc.
Building 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.
Comment:
bear cycle trend line is being challenged on a huge +20% move today. the cycle change may be happening now
Comment:
in a high rate environment, homeowners are less likely to sell which makes them more likely to invest in home renovations as a means to feel the sense of having upgraded their living space. this may be a secular bullish trend for Lumber Liquidators
Comment:
low might have printed this week. $2.60 intraday low, now attempting to close at $2.90
Comment:
$5.85 buyout offer rumors, +30% move back to the $4.00 range
Comment:
Not Back Yet. Long more at $2.25 and say your prayers
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