Lumber Liquidators -3% after negative report circulates

• 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%.