With LL stock trading below $10 today, shareholders should all congratulate management and the directors for their stellar performance. After all, what better way to exemplify how great a job they are doing then by having the stock dive towards a yearly low.
The 52 week low is $8.81 per share. I’m sure as management continues to execute their “strategy” we should be seeing that price, and probably far lower in the near future.
But don’t worry. All is not lost. Because even though average shareholders are suffering, the board of directors have recently been able to pick up some delicious “free shares.”
Presenting The Winners of The 2019 Lumber Liquidators Stock Awards!
On May 24, 2019, each Director received 7,568 shares as part of their stock award for non-employee directors. A nice little windfall. All you home players should also note that last year, these same directors only received 2,863 because the LL stock price was higher. So, effectively, the lower the stock price goes, the more shares these guys get. Isn’t it just fabulous?
Note: Ms Nancy Taylor received 12,298 stock awards. She deserves more, since she’s leading this whole recovery.
Great work LL Directors!👏👏👏👏
And Directors, just think about this, if you can get the stock to drop even more, then next year you can pick up even more shares!