ReBuild LL – A Proxy Fight to Boost Growth and Profits at Lumber Liquidators › Forums › General › Why have the execs given up on the company?? › Reply To: Why have the execs given up on the company??
The worrying aspect is this:
From the LL 2018 Annual Report
“the overall flooring industry has grown at a compound annual growth rate of 5.4% from 2012 through 2017. Over the same period, hardwood, laminate and vinyl flooring sales, including the cost of installation grew at a compound annual growth rate of 8.3%. ”
In this same period, LL has grown at a considerably slower pace. The 2% expectation for growth in 2019 is troubling because all the competitors are expected to grow faster. The problem is not macro related, but company specific. This is why we need a clear plan to shock this company back to life.