Actionable news
0
All posts from Actionable news
Actionable news in LL: LUMBER LIQUIDATORS HOLDINGS Inc,

Hedge fund manager covers short bet against Lumber Liquidators

A Lumber Liquidators retail store is shown in San Diego, California March 2, 2015.

Hedge fund manager Whitney Tilson, who had accused flooring retailer Lumber Liquidators Holdings Inc of selling flooring laced with cancer causing materials and bet the stock price would drop, said on Monday that he has covered his short position.

"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," Tilson said in a note seen by Reuters...


More