Whitney Tilson’s email to investors providing an update on Lumber Liquidators Holdings Inc (NYSE:LL); and how it reminds him of SodaStream.
1) It’s really difficult to time the bottom of a stock in decline. Even if you’re (hopefully!) right that its share price will eventually turn around, the odds that you bought the stock at the very bottom are close to zero. That means you’ll have to endure a period in which you’re underwater.