<p>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.</p>
<p>But now, Tilson is backtracking and closing his short position against Lumber Liquidators’ shares, once one of the hottest stocks on Wall Street. <a href="http://seekingalpha.com/article/3754706-why-i-covered-my-short-position-in-lumber-liquidators">In a post on Seeking Alpha</a>, Tilson wrote that he had received information that leads him to believe that senior management didn’t know that the company was selling Chinese-made laminate containing high levels of formaldehyde. “If this information is correct, then the company was sloppy and naïve, but not evil,” Tilson wrote in his post.</p>