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Posted on: Dec. 15, 2015, 5 p.m.
In March, hedge fund manager Whitney Tilson publicly declared that “Lumber Liquidators is evil.” At the time, Tilson had already launched a short campaign against Lumber Liquidators’ stock that included a 60 Minutes story that accused Lumber Liquidators of using toxic Chinese laminate, driving the stock from $69 down to as low as $12 this year. But now, Tilson is backtracking and closing his short position against Lumber Liquidators’ shares, once one of the hottest stocks on Wall Street. In ... Full investment news article