Whitney Tilson Covered Lumber Liquidators (LL) Short

Whitney Tilson said he covered his short in Lumber Liquidators (NYSE: LL), according to a SeekingAlpha blog post.

Tilson highlighted:

• In the past week, I’ve received information that leads me to believe that senior management of Lumber Liquidators wasn’t aware that the company was selling Chinese-made laminate that had high levels of formaldehyde.
• If this information is correct, then the company was sloppy and naïve, but not evil.
• If there are no “smoking gun” documents/emails, then the doomsday scenario for the company (and the stock) is less likely, so I covered my short position today.

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