Two significant hedge fund managers have recently taken significant stakes in beleaguered Lumber Liquidators Holdings Inc (NYSE:LL) and now between them they control over 20% of the stock. SAC Capital, Lone Pine investments Steven Cohen and SAC Capital have made a significant investment in the retail flooring firm, according to SEC filings reviewed by ValueWalk. Through a variety of related investment vehicles, the SEC’s 13G report shows that SAC, related companies and Cohen directly own 13.2% of the outstanding shares. Meanwhile, Lone Pine Capital, operated by Stephen Mandel, has purchased a 7.9% stake in the firm. SAC’s investment comes on…
SAC, Lone Pine Investments In Lumber Liquidators Fly In Face Of Tilson
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.