Skip to main content

Market Overview

Wedbush: Lumber Liquidators Is 'Not Out Of The Woods,' But Bankruptcy Unlikely

Wedbush: Lumber Liquidators Is 'Not Out Of The Woods,' But Bankruptcy Unlikely

Speaking to Benzinga, Wedbush Analyst Seth Basham discussed Lumber Liquidators Holdings Inc (NYSE: LL) ahead of its Thursday conference call.

Basham said "expectations are that [the company is] going to hold the line on their point of view, that their products are safe and comply with CARB."

"There's a lot of controversy and debate as to which testing methods are correct," according to Basham, and he added that it was possible "the health risks from these products are being over-blown by some of the short-seller's reports."

Related Link: What The World Thinks Of Lumber Liquidators In 6 Charts

"Nonetheless, if the products are not compliant then there could be significant consumer backlash and some potential for legal remedies," according to the analyst.

Basham concluded that Lumber Liquidators was "not out of the woods by any means" but he did not think the company was going bankrupt.

Lumber Liquidators Holdings Inc recently traded at $32.71, up 10.58 percent.

Kevin Riley and Brianna Valleskey contributed to this report.

Image credit: Dwight Burdette, Wikimedia


Related Articles (LL)

View Comments and Join the Discussion!

Posted-In: Seth Basham WedbushAnalyst Color Previews Exclusives Trading Ideas Interview Best of Benzinga

Latest Ratings

GIKColliers SecuritiesInitiates Coverage On14.0
SANWLake StreetInitiates Coverage On6.0
LILAMorgan StanleyDowngrades15.0
BEJP MorganUpgrades36.0
NEXACredit SuisseUpgrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at