Mario Rizzi - Tel. 1-514-967-9827|info@RizziCapital.com
News2019-05-31T09:51:41-04:00

Knowles Buys LL Stock!

A filing released this morning (August 12, 2019) shows that Lumber Liquidators CEO Dennis R. Knowles purchased 14,000 shares of LL stock at a price of approximately $8. The total value of this open market purchase is valued at about $112,000. To our knowledge this is the first time ever [...]

By |August 12th, 2019|0 Comments

Nancy, It’s Over.

Shares of Lumber Liquidators are in free fall. Sources within the company tell me that senior management is in disbelief. CEO Dennis Knowles cannot comprehend why the stock price is falling. Dennis Knowles I don't know Mr. Knowles. I have never met him or spoken to him, despite [...]

By |August 7th, 2019|0 Comments

You Are Being Lied To

Last week, Floor and Decor announced their earnings. It was an across the board beat. Revenue, same store sales, profits and margins, all came in strong. Stronger than almost any body expected. The stock soared 20% higher. Today, Lumber Liquidators reported "earnings." It was an across the board failure. [...]

By |August 7th, 2019|0 Comments

Memory Lane and Some Simple Math.

On April 1, 2014, Nancy M. Taylor joined the Board of Lumber Liquidators. The stock was at $94.53. Today, the stock is at $8. It has lost 91.5%. On November 4, 2014, Nancy M. Taylor became Chairwoman of Lumber Liquidators. The stock was at $15.31. Today, the stock is [...]

By |August 6th, 2019|0 Comments

A Banana, for Scale

Lumber Liquidators share price performance versus JC Penny, over the last 2 years. Lumber Liquidators share price performance versus Sears, since the start of 2019. (Keep in mind, Sears filed for bankruptcy in October 2018) Maybe it's time for a change at LL? Let's Change [...]

By |August 5th, 2019|0 Comments

Change is Needed. Action is Needed.

Lumber Liquidators' share price dropped to $7.86 this week. The S&P is just points away from an all time high while LL shares are trading near an all time low. LL shareholders are frustrated and angry, and rightfully so. Management at LL has remained completely silent as the stock [...]

By |August 4th, 2019|0 Comments

Lumber Liquidators vs Bitcoin

On December 18, 2017, Bitcoin hit and All Time High of $20,089. On December 18, 2017, Lumber Liquidators was trading at $30.05.  Today, June 21, 2019, Bitcoin is trading at $9,884, losing about 50% of it's value. Meanwhile, Today, June 21, 2019, Lumber Liquidators is trading at $10.70, losing [...]

By |June 21st, 2019|0 Comments

Lumber Liquidators Proxy Shows Shareholder Unrest

Summary The Proxy Vote For Proposal #4 Passed By A Slim Margin. Votes Against and Abstentions Are at Record Highs. LLVC Demands 2 Director Seats to Refresh The Board. The Lumber Liquidators (LL) Annual Shareholder Meeting was held on May 22, 2019. There were 4 proposals up for vote. As [...]

By |June 3rd, 2019|0 Comments

Dennis Knowles – The Tariff Blooper Reel

Lumber Liquidators imports approximately 45% of their products from China. Throughout 2018 there were rumblings about possible tariffs on these goods. Despite the huge impact that tariffs would have on the company and the clear risk that tariffs would be imposed, CEO Dennis Knowles did not mention the word [...]

By |May 30th, 2019|5 Comments

Lumber Liquidators’ Branding Mess

Want to see a great example of sloppy branding? Look no further than Lumber Liquidators' jumble of different sign designs. No two Lumber Liquidators locations look alike. Is this part of Management's "strategy?" Is that a strategy to confuse consumers and devalue the brand? Because it seems to be [...]

By |May 29th, 2019|3 Comments

Performance vs Pay At LL – A Shareholder Heist!

I present the following information with very little commentary. Performance Graph The following graph compares the performance of our common stock during the period beginning December 31, 2013 through December 31, 2018, to that of the total return index for the NYSE Composite and a Custom Peer Group whose [...]

By |May 29th, 2019|0 Comments

LL Directors – Picked Up Some Free Shares!

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 [...]

By |May 28th, 2019|1 Comment

LL Sponsors the LPGA

Lumber Liquidators proudly proclaimed on their Facebook page that they were official sponsors for the LPGA Pure Silk Championship. They brought a trailer showroom down to the golf course to show off flooring styles. I question if this is worth the investment, but I will give them the benefit [...]

By |May 28th, 2019|1 Comment

Proposal #4 Passes by Slim Margin

The Board of Directors' Proposal #4, to dilute shareholders by over 6% in order to continue compensating Board members and the management team with free share options and restricted shares, was passed on May 22, 2019. The margin was very slim. If just 700k more shares (2.5%) had swung [...]

By |May 24th, 2019|0 Comments

Lumber Liquidators Should Forget Margins And Focus On Comp Sales

Summary Lumber Liquidators' management has focused on increasing margins, but  failed to show results. The company has been unable to leverage sales to offset costs, resulting in losses and poor sales guidance. Same store sales are lagging competitors, resulting in lost market share. The company blames macroeconomic issues, but competitors [...]

By |May 20th, 2019|0 Comments

Lumber Liquidators: Recent Changes Have Killed Growth

Summary Management has made many changes in an effort to professionalize operations at the company. Most of these changes have been perceived negatively by employees and have handicapped growth. A real turnaround will only occur if management returns to the simple, winning principles which made the company a success to [...]

By |April 26th, 2019|0 Comments

Investor Group Recommends Lumber Liquidators Shareholders Reject Proposals to Increase Executive Pay and Dilute Shares

Richmond Va. (April 25, 2019) - The Lumber Liquidators Value Committee (LLVC) is urging shareholders to vote AGAINST all Board proposals to be tabled at the Lumber Liquidators (NYSE: LL) Annual Shareholder Meeting on May 22, 2019. The Board of Directors at Lumber Liquidators has recently hired a proxy advisory [...]

By |April 25th, 2019|0 Comments

Lumber Liquidators: Overpaying for Under-Performance

Summary How does Lumber Liquidators' chairperson compensation compare to its peer group? How does the company's stock performance compare to its peer group? Who is responsible to the company's poor performance? Do you think a change at the top is needed? I have made some noise recently concerning what I [...]

By |April 20th, 2019|0 Comments

Lumber Liquidators, A Proxy Fight In The Making

Summary Lumber Liquidators has accumulated losses of over $200 million since 2014. Shares are trading at the same price as their $11 IPO in 2007. Management has received high compensation, but shareholders have seen zero appreciation on their investment. A change is needed at the company.   Over the last [...]

By |April 18th, 2019|0 Comments

Letter to Funds and Institutional Holders

This letter contains information relating to the voting of shares which your company owns of Lumber Liquidators Holdings Inc.   April 16, 2019 Investment Stewardship,  The Lumber Liquidators Value Committee is a coalition of value oriented shareholders with a sizable stake in Lumber Liquidators Holdings Inc. We have deep concerns [...]

By |April 16th, 2019|0 Comments

Investor Group Calls For Rejection Of Lumber Liquidators Proxy Proposals

MONTREAL - The Lumber Liquidators Value Committee (LLVC) recommends that shareholders vote AGAINST all management proposals to be tabled at the Lumber Liquidators (NYSE: LL) Annual Shareholder Meeting on May 22, 2019. LLVC believes that the magnitude of value destruction, anemic recovery and management's self-enriching mindset as evidenced by its [...]

By |April 16th, 2019|0 Comments

Replacing At Least 3 Board Members

Why Must Members of the Board of Directors be Replaced After the multiple scandals of 2015, the board of directors was hastily replaced. Current members have a lot of experience, but most of that experience is with companies which went bankrupt, or with companies that are irrelevant to the flooring [...]

By |April 15th, 2019|1 Comment