Diamonds and Dogs
7/10/14Lumber Liquidators (LL)
Lumber Liquidators better be yelling timber today because they are crashing and burning down 19% to $56.10 a share. The American Lumber Company headquartered in Virginia is the largest specialty retailer of hardwood flooring in North America. After second quarter results were posted they showed a dismal net sales increase of 2.3% from the second quarter of 2013. Also in this time, same store sales fell 7.1% and Lumber Liquidators posted .$60 a share for earnings while analysts expected $.90. Lumber Liquidators shares are now down nearly 47% since the beginning of 2014 and the home improvement business is not on the way up.
TRW Automotive Holdings Corp. (TRW)
Today is an astounding day for TRW Automotive Holdings Corp., whom together with its subsidiaries, supplies automotive systems, modules, and components to automotive original equipment manufacturers (OEMs) and related aftermarkets. The company's stock is up to an impressive 8.2 percent to $98.88 because of a unnamed preliminary acquisition offer! This Michigan based company has been blessed with an increase in shareholder value for today and has almost reached the 52 week range which is listed at $101.98. Overall great day for TRW Automotive Holdings Corp