Lumber Liquidator’s Ray Cotton, Short Sellers and CBS.

Lumber Liquidators Holdings, Inc. (NYSE Trading Symbol: LL, $35.19) appears to have caused Ray Cotton to take down his personal website and the LinkedIn account that contained his questionable board member claim was also taken down.  However, asensio.com is concerned with two things.  First, the conflicted between Mr. Cotton’s published comments and those published in Forbes by LL’s founder Tom Sullivan.  asensio.com has stated its view that Mr. Cotton’s comments were uninformed and its belief that they have no certain bearing on their validity.

asensio.com view is informed by its experiences in hundreds of similar situations and the understanding this experience provides, however, in the interest of removing all doubts, nothing asensio.com has published should be alleged to be or understood as a criticism of ANY short sellers.

asensio.com suggests that LL cease its ill-funded focus on short sellers and focus on the interest of CBS Corporation (NYSE Symbol: CBS, $60.93) and the individuals that appeared on screen on its CBS 60 Minutes LL segments have been harsh.  In our view, based on the detailed explanations provided by LL on its conference call of Thursday morning it now appears that CBS’s conduct may well reach and exceed the applicable standards of malice.  We hope CBS issues a full retraction and apology.

We continue to monitor the situation and evaluate its investment merits.

We hope that LL will attend to the Ray Cotton matter and that it will take all appropriate actions on behalf of its shareholders and all Americans against CBS.  It appears almost uniquely obvious that in this case CBS acted recklessly and that this has cause an American business and filled the pockets of the plaintiff bar and their ecosystem. Lumber Liquidators should cease speaking about short sellers and starts protecting its shareholders against its true adversary, misguided regulations and CBS.

To read a complete history about asensio.com short selling leadership please clink here http://www.asensio.com/?page_id=7asensio.com  asensio.com is the Pioneer of Activist Short Selling. http://www.asensio.com/?p=9498

Posted in Complete Report Record, Lumber Liquidators Holdings

Manuel Asensio doesn’t bet often. But when he does, it’s wise to pay attention.

Paul Kaihla
eCompany Now
1 2 3 4 5 6 7 8 9
About Our Founder
Learn more about asensio.com's founder, Manuel P. Asensio, and the website's origins. Click here to be directed to Mr. Asensio’s professional biography.
Media Record
Click here to see selected articles that discuss asensio.com's work and its unique legacy. asensio.com also strives to maintain a complete record of articles dealing with the companies that are the subject of asensio.com research.
Investment Record
Click here to view a list of the companies that have been subjects of asensio.com reporting and click here to see the complete investment record.
Asensio and FINRA
Asensio & Company, Inc. and Manuel P. Asensio are the only dedicated short sellers ever to have been members of FINRA. This unique-minority membership created complications in the regulatory relationship. Being the first activist short investors and among the first FINRA member firms with a website added to the complexity. A statement by Mr. Asensio is available here. Information necessary to obtain a meaningful understanding of the dispute is available in complete form HERE.