Cantor Fitzgerald buys into Lumber Liquidators value proposition

• Cantor Fitzgerald initiates coverage on Lumber Liquidators (LL +3.2%) with a Buy rating and $45 price target.
• "We believe the recent controversy surrounding the company has created an opportunity to invest in a differentiated, growth-driven business model at an attractive valuation," reads the note from analysts Laura Champine and Jason Smith.
• Though acknowledging the "real risk" that federal testing on laminate products will hurt Lumber Liquidators, the Cantor team see value at current levels.
• Whitney Tilson has a series of article on SA laying out his bear thesis on LL with plenty of exclamation points.