Lumber Liquidators -3% after negative report circulates

Sep. 17, 2020 10:44 AM ETLL Flooring Holdings, Inc. (LL)LLBy: Clark Schultz, SA News Editor4 Comments
  • Lumber Liquidators (NYSE:LL) falls after Whitney Tilson passes on an anonymous short report on the stock from a veteran of the flooring industry.
  • A snapshot of the report shows the key points.
  • The conclusion is that if LL's gross margins come in at 36% instead of 38% like analysts anticipate, full-year EPS will miss consensus by about 60%.
  • In part thanks to the pandemic-related housing and home improvement booms, Lumber Liquidators has more than a 5-bagger from the March lows.
  • Earlier this month, Seeking Alpha author Elephant Analytics posted a bearish report on Lumber Liquidators as well. The author warned that annualized headwinds for LL to operating income may be $26M without additional mitigation.
  • Shares of LL are down 3.20%.

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