Lumber Liquidators (LL) Gains as Whitney Tilson Said He's Covered His Short

November 29, 2016 3:45 PM EST

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

Lumber Liquidators (NYSE: LL) gains into the close as Whitney Tilson said he's not longer short the stock and it may be an acquisition target. Shares up 2.8%.

  • Amidst a formaldehyde scandal exposed by 60 Minutes, the stock has collapsed o Down 85% since my first pitch; 70% since my second
  • The company is still struggling and losing money, but has settled most regulatory investigations and lawsuits so I think it’s likely to survive – and might be a good acquisition candidate – so I’m no longer short the stock


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Hedge Funds, Short Sales

Related Entities

Whitney Tilson, T2 Partners, Definitive Agreement

Add Your Comment