ReBuild LL – A Proxy Fight to Boost Growth and Profits at Lumber Liquidators › Forums › General › Annual Meeting
Mike LawlorMay 22, 2019 at 2:39 pmPost count: 0
Any news from the meeting this morning? Wondering if any/all/none proposals passed?MarkMay 23, 2019 at 9:32 amPost count: 0
I spoke with Kingsdale this morning. All four proposals passed. Why would they lie?Mike LawlorMay 23, 2019 at 9:49 amPost count: 0
If true, not good for shareholders. Thx. Not understanding why no press release.PatMay 23, 2019 at 9:49 amPost count: 0
So all 4 major holders voted with mgmt and are happy with the current trajectory. Is LL being manipulated toward private equity. What else makes sense.Mike LawlorMay 23, 2019 at 10:02 amPost count: 0
IDK, how could the institutional ownership be happy? They have all got to be down. I’m confused as well. Grooming for buyout?Marvin GardinsMay 28, 2019 at 9:28 amPost count: 0
Institutional owners have to see the writing on the wall here. LL needs to find a merger partner (buyer) or risk losing a good franchise to the changing competitive landscape and the sad tariff situation.
Tariffs will cause losses that LL cannot endure. With an already weak balance sheet and cash position, LL will continue to weaken. They truly cannot afford to spend on a traffic building campaign, and should actually start cost cutting in an effort to trim losses.
I hope management has bigger brains than balls and isn’t being naive here. They really need to hire an IB if they have not done so already.
Every other distributor or sales outlet in building products has been rolled up into groups to lever distribution, general management, and marketing.LL is a holdout, but understandably during the Litigation as no buyer would dare touch them until legal matters had been resolved.
Whats the holdup?Marvin_gardinsJune 9, 2019 at 6:13 pmPost count: 0
Lets be frank.
No pe fund is going to give any honest answer to questions regarding takeover intentions. Neither is company management.
But right now would be a great time for a buyer to make a bid. A bid of $30 would buy the company, and i am sure a good manager could sell it for $80 in 3-5 years.
This is an ideal acquisition for a foreign manufacturer or a domestic LBM conglomerate.
Lets see what happens.