Lumber Liquidators pullback a buying opportunity, says Credit Suisse Credit Suisse believes Lumber Liquidators did not deliberately attempt to violate legal requirements and thinks the investigation into some of its wood flooring products will now slow the company's growth rate. The firm recommends today's sell-off as a buying opportunity.
News For LL From The Last 14 Days
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Lumber Liquidators volatility flat after sharp share price pullback Lumber Liquidators December call option implied volatility is at 42, January is at 40, February is at 45; compared to its 26-week average of 41 according to Track Data, suggesting non-directional price movement.
Lumber Liquidators shares recommended at Credit Suisse Credit Suisse defended Lumber Liquidators following Friday's weakness due to cautious comments by hedge fund manager Whitney Tilson. The analyst said Tilson focused on previously known issues related to the recent FBI raid and the purchase of lumber from endangered habitats, which appear to be a very small amount of product sold. The firm reiterates its Outperform rating and $132 price target.