Lumber Liquidators under pressure again

• Lumber Liquidators (LL -5.1%) is called a company in a state of "flux" by Piper Jaffray's Peter Keith after he met with senior management at the lumber seller.
• Though a new business model and initiatives at Lumber Liquidators look promising, legal and regulatory risk remain a constant. Keith also warns on longer-term gross margin rates. SA Contributor Elephant Analytics presented a deeper dive into LL's gross margin issues last month.
• Shares of Lumber Liquidators dropped below $15 for the first time since in two weeks today.