Just when you thought it was safe to buy the dip and pile into this “value” stock, Lumber Liquidators does it again. On a conference call this morning, and hot on the heels of Valeant doing the same, the embattled firm just removed guidance for 2016 (due to “too much uncertainty” and having discovered “material weakness” in FY15 financials). The stock is re-crashing over 8% in the pre-market, to its lowest since March 2009.
More at Source: Lumber Liquidators Liquidates Guidance | Zero Hedge
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