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Baron Funds Comments on Lumber Liquidators Holdings Inc.

December 07, 2012 | About:
Holly LaFon

Lumber Liquidators Holdings, Inc. (LL), the leading specialty retailer of hardwood flooring, rose another 50.0% in the quarter on the back of another impressive report. New management has greatly improved operations and sales have rebounded as the home values improve and remodeling resumes. Though we think there is significant growth ahead, especially as a new store prototype is rolled out and retail expansion picks up, we trimmed our position as the stock has – impressively – tripled year-to-date.

From Baron Funds third quarter letter.


Rating: 3.5/5 (2 votes)

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