Whitney Tilson just finished speaking about his Lumber Liquidators short
BY JULIA LA ROCHE
New York (APRIL 14, 2015)
Whitney Tilson, who runs $90 million Kase Capital, just finished speaking about his Lumber Liquidators short at Baruch College in New York City.
In early March, "60 Minutes" and Anderson Cooper ran a disturbing report about Lumber Liquidators–America's largest specialty retailer of hardwood floors. The report found that Lumber Liquidators appears to be selling laminate flooring from China with levels of formaldehyde that's higher than what's permitted under California law. High levels of formaldehyde have a number of health concerns.
Lumber Liquidators said in a statement "60 Minutes" got it wrong and used an improper testing method.
To continue reading .
2015 B. All rights reserved.