Lumber Liquidators (LL) Seen Benefiting from Upcoming CPSC Ruling
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Lumber Liquidators Holdings, Inc. (NYSE: LL) is ticking higher amid a positive SeekinAlpha blog post Tuesday.
The author, EnerSavr, sees LL benefiting from an upcoming CPSC ruling. Key points made in the article include:
- Current ACT of Congress passed in 2010 that defines formaldehyde limits.
- CPSC will most likely adopt the current defined limits in Congress s1660 ACT which (LL) already meets.
- CARB certifies manufacturers for core used for floor laminates , not the retailers. This puts the burden of meeting CARB's regulation on the manufacturer and not the retailer.
Shares of LL are down 4.5 percent in early afternoon trading.
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