Citron Chimes on Lumber Liquidators — Before You Short Down Here — Step Back and Read


Obviously Lumber Liquidators (NYSE:LL) has an image problem, but Citron believes the selloff is largely overdone here.  

The stock is off 60% from when its CEO first warned that an unfavorable 60 Minutes story was coming, but the reality is that the actions and advice of the California Air Resources Board ought to be considered and heeded by all investors.

So before piling on this short at these levels, perhaps a step back and rational reassessment would be a good idea. 

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