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Fly News Breaks for March 13, 2015
LL
Mar 13, 2015 | 07:28 EDT
After listening to Lumber Liquidators' business update, Stifel says that sales of its products, aside form Chinese-made laminate, appears to be flat year-over-year since 60 Minutes broadcast its negative piece on the company. The firm thinks that news is positive. Although Stifel wonders how the Chinese made laminate floors have such high levels of formaldehyde if their core boards are in compliance, it thinks the company's financial risk is limited if it can show that its core boards are compliant and that its product in the field does not generally emit high levels of formaldehyde,Stifel reinstated its earnings estimates and is now modeling 2015 EPS of $1.84 but keeps a Hold rating on the shares.
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