It’s been a rough few weeks for shareholders of Lumber Liquidators. In February, the Centers for Disease Control and Prevention said it incorrectly assessed the cancer risk associated with the company’s flooring, causing it stocks to plummet.

On Tuesday, Whitney Tilson, founder of hedge fund Kase Capital Management, told attendees of the Harbor Investment Conference in New York that he now believes there is a 50-50 chance that Lumber Liquidators could file for bankruptcy, reports MarketWatch staffer Tomi Kilgore.

The presentation caused the stock to fall once more. The stock ended 15% lower, with volume spiking to nearly double the full-day average in late-afternoon trade. Just before the release of Tilson’s presentation, the stock was trading up about 0.8% at around $13.95.

“The cancer risk is likely significantly greater than even the CDC’s revised estimate, which would result in further damaging publicity and increased liabilities,” Tilson said.

He expects operating losses and cash burn to remain “severely negative,” in the range of about $20 million to $30 million per quarter, for the foreseeable future. He believes the losses could get a lot worse, given that the Lumber Liquidators Holdings’s liability insurers have all denied coverage for the formaldehyde claims.

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