LL flooring drops after Bleecker Street short report

Ll Flooring Holdings

17/10/2023 20:03

** LL Flooring  LL.N  shares down 9% at $3.28 around session low
    ** Bleecker Street Research issued a report saying it is
short the stock, citing skepticism that acquisition offer from
Live Ventures  LIVE.O  made last week will be accepted "for a
host of reasons"
    ** Bleecker Street said that while shares of LL have fallen
after initial spike following the offer, "shares should fully
retrace" after spiking from $2.85 to a high of $4.45 after the
proposal from LIVE
    ** Bleecker Street cites the "precarious" financial
situation of LIVE making it unlikely financing can be lined up
for the purchase and the "disastrous" financial situation of LL
as something LIVE has the ability to turn around as two problems
surrounding a potential purchase
    ** Calls to LIVE were not immediately returned for comment

 (Reporting by Chuck Mikolajczak)
 ((charles.mikolajczak@tr.com; @ChuckMik;))