The future for Lumber Liquidators (LL), as a stock and as a company looks very good. So far in 2017, the stock has risen 140%. After a stock slide in 2014 and 2015 which decimated the value of the company, the stock bottomed in 2016 and the market capitalization has rocketed off the lows. Investors are taking notice of the company's turnaround and long shareholders have been handsomely rewarded for their patience and faith in the company. Despite the share prices tripling since their recent lows, investors can expect more gains to come. There are at least 10 catalysts which will help positively affect the stock performance in the near to medium term.

Lawsuit Settlements

During 2014 and 2015, the company was rocked by a series of lawsuits which both damaged the brand and were expensive to litigate. These lawsuits are slowly but surely being settled. In 2016 a major securities suit was settled. The company also settled the CARB suit and actually won its Proposition 65 lawsuit and received a small compensation. In the first quarter of 2017, the company took a charge of $18 million as a provision for an expected settlement for the outstanding formaldehyde and abrasion related class action suits. While these lawsuits are not yet settled, the general consensus is that a settlement will take place within the next few months. Certain claims in the formaldehyde case have already been trimmed and the company has dismissed a large part of their legal team, likely meaning that a trial will not take place. At least one plaintiff has already voluntarily dismissed his suit against the company. Settling the two remaining large class action cases (Formaldehyde and Abrasion related) would be good for the brand and reduce legal expenses by millions of dollars per year.

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