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Lumber Liquidators, Inc., the largest specialty retailer of hardwood flooring in the United States, has filed to sell up to $150 million in shares via an IPO. Underwriters are listed as Goldman Sachs and Merrill Lynch. The company has applied for the ticker "LL" on NYSE.
It showed net sales of $332.1 million in 2006 and operating income of $21.4 million in 2006. These might be impressive numbers, but with how strong the company is tied to "homes" it is just hard to get excited about this compared to how this one would have looked in 2005.
Jon C. Ogg
April 24, 2007
Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.
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