SAC, Lone Pine Investments In Lumber Liquidators Fly In Face Of Tilson

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Mark Melin
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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…

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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.