Analyst Puts 'Buy' Rating on Lumber Liquidators

New York, NY, December 20, 2007--Analyst Piper Jaffray initiated coverage on Lumber Liquidators with a "buy rating and a $15 price target.

The firm said despite a very slow housing market, the market for hardwood flooring is a $4.5 billion market and could grow at 4.8% over the next five-years. Lumber Liquidators sale of hardwood flooring for new home construction only makes up about 5-10% of total sales.

Piper Jaffray also noted that hardwood flooring represents only about 10% of the flooring market in the U.S., but is slowly taking market share away from carpeting.

Lumber Liquidators, Inc. operates as a specialty retailer of hardwood flooring in the United States.