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Lumber Liquidators shares are crashing after a damning '60 Minutes' report
Business Insider ^ | 03/02/2015 | Myles Udland

Posted on 03/02/2015 9:34:30 AM PST by SeekAndFind

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1 posted on 03/02/2015 9:34:30 AM PST by SeekAndFind
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To: SeekAndFind

Hmmm. Now I know where I can get some cheap flooring!


2 posted on 03/02/2015 9:36:07 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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To: cuban leaf

They got clobbered and their CEO didn’t really know how to respond.


3 posted on 03/02/2015 9:39:17 AM PST by Eric in the Ozarks ("If he were working for the other side, what would he be doing differently ?")
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To: cuban leaf

Sounds like it is soaked in formaldehyde, dangerous stuff.

I saw the 60 minutes bit. The Lumber Liquidators CEO was supposedly being told (for the first time) that the products were being mislabeled. He did not seem surprised and outraged in a way that convinced me he didn’t know. I think he’s “in on it”.


4 posted on 03/02/2015 9:39:25 AM PST by NEMDF
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To: SeekAndFind
Share prices dropping now, wait until the law suits come rolling in for those affected medically by the formaldehyde contained in their Chinese flooring.

On another note: It was reported the other day that 85% of the vaccines sold in America are now made in China. Thank you US government.

5 posted on 03/02/2015 9:41:42 AM PST by drypowder
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To: NEMDF

Ha...The Lumber Liquidators....just got liquidated


6 posted on 03/02/2015 9:42:17 AM PST by spokeshave (He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people,)
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To: cuban leaf

>>Now I know where I can get some cheap flooring!<<

Don’t you mean “cheap frooling?”


7 posted on 03/02/2015 9:42:41 AM PST by freedumb2003 (obama is a "protected class" of dumb)
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To: Eric in the Ozarks
They got clobbered and their CEO didn’t really know how to respond.


8 posted on 03/02/2015 9:43:36 AM PST by dfwgator
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To: SeekAndFind

LUMBER LIQUIDATORS... THE WORST COMPANY EVER!


9 posted on 03/02/2015 9:44:07 AM PST by DefeatCorruption
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To: SeekAndFind

Wasn’t there a similar stink a couple of years ago concerning formaldehyde in Chinese-made drywall?


10 posted on 03/02/2015 9:45:08 AM PST by DoodleDawg
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To: SeekAndFind
Moving your manufacturing base to China = Corporate suicide

When will they ever learn?

11 posted on 03/02/2015 9:45:21 AM PST by Last Dakotan
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To: SeekAndFind

Meryl Streep and Alar (60-minutes, also).

Damaged apple growers significantly.

Growers brought suit, but case was moved from Yakima to Spokane (as I recall), and they lost.

So I hold back judgement on anything 60-Minutes says. Actually, “Don’t Trust, wait for verification.”


12 posted on 03/02/2015 9:47:12 AM PST by Scrambler Bob (Bo: capitalized is the dog.)
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To: DoodleDawg

I thought that was high sulfur content.


13 posted on 03/02/2015 9:47:32 AM PST by jurroppi1 (The only thing you "pass to see what's in it" is a stool sample. h/t MrB)
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To: dfwgator

The data on formaldehyde/cancer link is not impressive...http://www.cancer.gov/cancertopics/causes-prevention/risk-factors/cancer-causing-substances/formaldehyde/formaldehyde-fact-sheet


14 posted on 03/02/2015 9:47:34 AM PST by gwgn02
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To: DoodleDawg

Yep, and the drywall was going for repairs for Katrina.


15 posted on 03/02/2015 9:48:09 AM PST by Scrambler Bob (Bo: capitalized is the dog.)
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To: gwgn02

Could also be a case of the company not paying their tribute to the DNC for the month.


16 posted on 03/02/2015 9:48:26 AM PST by dfwgator
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To: DoodleDawg
Yep.

Chinese Drywall Fiasco

17 posted on 03/02/2015 9:48:54 AM PST by TADSLOS (The Event Horizon has come and gone. Buckle up and hang on.)
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To: SeekAndFind

Scratching my head over the formaldehyde hysteria. Particle board and MDF both use substantial amounts, and they are the primary materials used in a fair amount of laminated/veneered furniture.


18 posted on 03/02/2015 9:49:21 AM PST by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)
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To: Scrambler Bob

19 posted on 03/02/2015 9:50:21 AM PST by dfwgator
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To: NEMDF

There was a kitchen countertop manufacturer in Seattle that had a big stack of “defect” wood out back north of Boeing Field. It made heavy particle board countertops with formica skins. Some of it was double thickness (over two inches thick). My house had baseboard heating. I bought a wood burning stove in 1981 and had an old table saw. For about a decade I used that stuff exclusively to heat my home. I finally got a gas forced air system as I acquired the income. Also got a gas dryer. Saved a ton of money, though.

Only had a few chimney fires and it became my primary method of keeping it clean.


20 posted on 03/02/2015 9:50:26 AM PST by cuban leaf (The US will not survive the obama presidency. The world may not either.)
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