Whitney Tilson covered his LL short back in December. Almost immediately, the stock surged ahead on a deal with the FTC that only turned out to be fake.
Long are now entreated by news that Tilson is short again and this time is out for blood. In a mind numbing 132 page thesis explaining why Lumber Liquidators is a horrible company, Tilson suggests the specter of cancer causing wood is likely to cripple the company and possibly lead to its bankruptcy.
Subsequently, LL is plunging.
Here are a few key pages of the Kase capital report.
I don’t see how this company can survive, given the news that their wood can in fact cause cancer. Who the hell would buy this stock?
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he’s far less annoying than Chanos