
Over the last few years, Lumber Liquidators (NYSE:LL) has faced many adversities. There have been lawsuits, fines, tariffs, and management changes. The company has lost money. Lots of it. It has announced a loss every year since 2014, accumulating to over $200 million.
I have been bullish on the company. Expecting a recovery. I have written several positive articles about Lumber Liquidators. It seemed like a rebound was always just around the corner. And, possibly, it still is.
But one cannot help but feel a tinge of resentment towards how shareholders have been treated over the years by Lumber Liquidators management. After all, we have not all suffered equally. Lumber Liquidators stock currently trades at about $11, which incidentally is the same as the company's IPO price, 12 years ago. In 12 years, investors in the company have seen exactly zero return. Think about how far the stock market has come since 2007. The great recovery. The longest bull market in history. The Trump stock market rally. The S&P has returned about 100% since 2007. Actually, 150% if you included dividends. And Lumber Liquidators? Zero.
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