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LL - Lumber Liquidators: Making Sense Of Insider Antics
Lumber Liquidators Holdings Inc
What a month! September was a wild ride for Lumber Liquidators (LL). What was perhaps a generic pump-and-dump by founder and former CEO, Tom Sullivan, was a windfall for savvy volatility traders. Serious stakeholders were left scratching their heads as to what exactly had occurred, and how the underlying value of the company changed.
This article seeks to get the reader up to speed on what transpired in September, what the shake-up means for the company, and why Lumber Liquidators is better off without Tom Sullivan. We will also discuss a few of