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Stock tumbles after raid of Lumber Liquidators
CNN Money ^ | 09/27/2013

Posted on 09/27/2013 12:32:38 PM PDT by SeekAndFind

Federal investigators raided the offices of Lumber Liquidators on Thursday, the company and authorities said.

Stocks of the hardwood flooring retailer fell sharply on Friday as the news emerged, dropping just over 10% at midday.

No arrests were made and the search warrants remain sealed, said Brandon Montgomery, a spokesman for the Department of Homeland Security. He said the search involved special agents from the Immigrations and Customs Enforcement, U.S. Fish and Wildlife Service and the Department of Justice.

Lumber Liquidators (LL) suggested the investigation involved its importation of wood products, which come from "approximately 110 domestic and international mills around the world."

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: gibson; gibsonguitar; government; guitar; lumber; lumberliquidators; raid; stockmarket
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1 posted on 09/27/2013 12:32:38 PM PDT by SeekAndFind
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To: SeekAndFind

Using lumber from non-union mills? /S


2 posted on 09/27/2013 12:33:56 PM PDT by Resolute Conservative
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To: SeekAndFind

They should have contributed to Obama like their competitor did.


3 posted on 09/27/2013 12:34:15 PM PDT by Gen.Blather
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To: SeekAndFind

I just posted a drop of 8 percent in another L.L. thread.

the obama pitbulls....need to be....held for observation..of possible rabies


4 posted on 09/27/2013 12:35:41 PM PDT by MeshugeMikey ( Un-Documented Journalist / Block Captain..Tyranny Response Team)
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To: SeekAndFind

What’s the party affiliation of the owner of Lumber Liquidators?


5 posted on 09/27/2013 12:35:53 PM PDT by CaptainK (...please make it stop. Shake a can of pennies at it.)
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To: SeekAndFind

Sounds like the same thing they did to Gibson Guitars. If so, this is another Obama administration political shakedown.


6 posted on 09/27/2013 12:36:37 PM PDT by Maceman (Just say "NO" to tyranny.)
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To: SeekAndFind
Lumber Liquidators buys (or at least used to buy) a lot of ad time on conservative talk radio...

...coincidence?

7 posted on 09/27/2013 12:36:39 PM PDT by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: SeekAndFind

What did they do? Advertise on Limbaugh?


8 posted on 09/27/2013 12:36:44 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: Gen.Blather

Yup. Sounds like Lumber Liquidators are conservative Tea Party types.

And they were targeted.


9 posted on 09/27/2013 12:36:46 PM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: SeekAndFind

They found spotted owl excrement on one of the boards.


10 posted on 09/27/2013 12:38:50 PM PDT by Uncle Chip
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To: SeekAndFind

Interesting. I’ve been in their HQ/warehouse in Toano, VA doing some IT-related work. It’s on John Deere Rd. and used to be a Deere lawnmower plant or some such.


11 posted on 09/27/2013 12:39:43 PM PDT by USMCPOP (Father of LCpl. Karl Linn, KIA 1/26/2005 Al Haqlaniyah, Iraq)
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To: SeekAndFind
Same crap as what happened at Gibson Guitars. Enviro-Nazis getting pissed off because some American company is using supposedly 'protected' wood species.

"We don't care about the trees really. We'll just be happy to ruin your company."

I wonder what they did to pee off The Regime? Donate to Romney?

12 posted on 09/27/2013 12:40:06 PM PDT by Bloody Sam Roberts (So Obama "inherited" a mess? Firemen "inherit" messes too. Ever see one put gasoline on it?)
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To: SeekAndFind

They frequently advertise on conservative radio stations.


13 posted on 09/27/2013 12:40:46 PM PDT by struggle
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To: SeekAndFind; Partisan Hack

Harry Reid was short.


14 posted on 09/27/2013 12:42:13 PM PDT by Attention Surplus Disorder (At no time was the Obama administration aware of what the Obama administration was doing)
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To: SeekAndFind

Call and write your support. They will need it. The totalitarians are out conservative-hunting.


15 posted on 09/27/2013 12:42:40 PM PDT by Chickensoup (...We didn't love freedom enough... Solzhenitsyn.)
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To: SeekAndFind

I wonder if the dirt floors in your government housing project will eventually be environmentally protected?


16 posted on 09/27/2013 12:44:06 PM PDT by Navy Patriot (Join the Democrats, it's not Fascism when WE do it, and the Constitution and law mean what WE say.)
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To: SeekAndFind

Wow - the president of LL was on Varney recently and said he hosted a fundraiser for Obama. Must not have collected enough $$.


17 posted on 09/27/2013 12:44:53 PM PDT by Montanabound
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To: Joe 6-pack
"Lumber Liquidators buys (or at least used to buy) a lot of ad time on conservative talk radio... ...coincidence?"

BINGO!

18 posted on 09/27/2013 12:46:05 PM PDT by inpajamas (http://outskirtspress.com/ONE)
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To: Resolute Conservative

isn’t the answer obvious?....they sponsor Limbaugh!


19 posted on 09/27/2013 12:46:27 PM PDT by Buckeye McFrog
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To: SeekAndFind

Wanna buy some wood?


20 posted on 09/27/2013 12:47:25 PM PDT by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: Gen.Blather
My first thought also: they didn't take advantage of the shakedown opportunity they were offered. Or, some executives' names or shareholders' names were on all those Tea Party applications at the IRS.

Can you say, "Banana Republic?" Si, se puede!

21 posted on 09/27/2013 12:47:26 PM PDT by pierrem15 (Claudius: "Let all the poisons that lurk in the mud hatch out.")
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To: SeekAndFind
Stock tumbles after raid of Lumber Liquidators

What, Capitalists in the markets don't like gesappo tactics of emperor 0bama's regime?

22 posted on 09/27/2013 12:49:37 PM PDT by The Sons of Liberty (Muzzie killing muzzie what's the downside and who am I to stop them ?)
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To: SeekAndFind
No arrests were made and the search warrants remain sealed,

I thought search warrants only remained sealed on matters of national security or imminent threat. Have I been misled?

23 posted on 09/27/2013 12:50:01 PM PDT by Bearshouse
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To: SeekAndFind

Dollars to donuts this is another phony raid to keep the Greenie Base happy. It will be something to do with some endangered tree growing in some jungle someplace.

That’s my bet.


24 posted on 09/27/2013 12:52:43 PM PDT by InterceptPoint
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To: SeekAndFind

Drug dealers, open borders where jihadist freely come across to kill Americans. We have time to investigate a company who make boards, but we cannot proceed to investigate Benghazi, IRS, NSA and other tyrannies Obama has wrought. Lets get Gibson! Lets get Lumber liquidators! But the others are phony scandals. I would rather have hidabeast than this monster.


25 posted on 09/27/2013 12:54:48 PM PDT by Texas Songwriter
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To: InterceptPoint
Show of force ...

hey pubbies ... wann'a unfund my obamascare?

Watch THIS ...

26 posted on 09/27/2013 12:58:05 PM PDT by knarf (I say things that are true ... I have no proof ... but they're true)
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To: SeekAndFind

The CEO and/or owners of Lumber Liquidators must not be Obama supporters.


27 posted on 09/27/2013 12:58:07 PM PDT by WayneS (Don't blame me, I voted for Kodos...)
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To: SeekAndFind

“WHADDA MEAN I CAN’T BUY ANYTHING?!?!”

Well, all the businesses had to shut down because the government made it so that they couldn’t make any evil profit. You better learn some hunting and gathering.

Scratch that, hunting harms the animals.

No gathering, you might eat a rare species of plant.

Just go home and starve and freeze and let your elite betters live like kings as they tell you how you are ruining the planet for them.


28 posted on 09/27/2013 12:59:15 PM PDT by PATRIOT1876
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To: Maceman
Sounds like the same thing they did to Gibson Guitars. If so, this is another Obama administration political shakedown.

Yes, exactly.

29 posted on 09/27/2013 12:59:36 PM PDT by BerryDingle (I know how to deal with communists, I still wear their scars on my back from Hollywood-Ronald Reagan)
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To: Resolute Conservative

Why the /s tag? You’re probably spot on.

They raided Gibson on the pretense of “illegal wood”, but that was all at the behest of the unions.


30 posted on 09/27/2013 1:00:55 PM PDT by Boogieman
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To: Joe 6-pack; Responsibility2nd; struggle; inpajamas
Lumber Liquidators buys (or at least used to buy) a lot of ad time on conservative talk radio...


31 posted on 09/27/2013 1:04:15 PM PDT by Old Sarge (Opinions are like orgasms: only mine count, and I couldn't care less if you have one...)
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To: SeekAndFind

Our leftist government hates private enterprise. Under communist dogma, all the means of production must be in the hands of the government.
They can’t seize it all just yet. This is their way of showing us what they think of the producers.


32 posted on 09/27/2013 1:06:52 PM PDT by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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To: Responsibility2nd

I don’t know—their founder hosted a fundraiser with Obama:

http://politicalticker.blogs.cnn.com/2013/06/12/obama-pleased-with-senate-progress-on-immigration/

Maybe he stopped giving.


33 posted on 09/27/2013 1:11:28 PM PDT by 9YearLurker
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To: SeekAndFind

Our government is more interested in where wood comes from, than where our INHABITANTS come from. This is Gibson Guitar all over again. Our THUG GOVERNMENT needs to be liquidated.


34 posted on 09/27/2013 1:18:16 PM PDT by Obama_Is_Sabotaging_America (If Americans were as concerned for their country as Egyptians are, Obama would be ousted!)
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To: 9YearLurker

It could still be a backdoor to undermining Rush’s advertisers. Sends a signal to his other advertisers, too..


35 posted on 09/27/2013 1:20:19 PM PDT by Obama_Is_Sabotaging_America (If Americans were as concerned for their country as Egyptians are, Obama would be ousted!)
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To: SeekAndFind
We have absolute efn MARXISTS in the White House.

But what do the RINOS do? They tremble and cower and "reach across the aisle" to make deals with them- deals that bring great harm to the American people.

They do raids on people designed to invoke fear, and compliance, as they take away our freedoms.

Who can we go to about these outrageous abuses?
Certainly not these spineless, useless, bast@rds in the RINO party.

36 posted on 09/27/2013 1:21:37 PM PDT by Pajamajan (Pray for our nation. Thank the Lord for everything you have. Don't wait. Do it today.)
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To: Obama_Is_Sabotaging_America

Yep, advertising with Rush is enough to send Obama’s monkeys flying.


37 posted on 09/27/2013 1:23:02 PM PDT by 9YearLurker
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To: Bloody Sam Roberts; The Sons of Liberty; Texas Songwriter
There ought to be some personal risk involved in these theatrical raids. If a wannabe rambo agent didn't come home alive in the course of this political shakedown, that would be a singular message to other oppressors.

Apologies to Solzhenitsyn.

38 posted on 09/27/2013 1:24:11 PM PDT by Jacquerie (An Article V amendment convention of the states is our only hope.)
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To: SeekAndFind

For the senseless murder of cute little innocent trees!


39 posted on 09/27/2013 1:31:05 PM PDT by Onelifetogive (I tweet, too... @Onelifetogive)
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To: SeekAndFind

Just like Gibson Guitar.

Didn’t grease the right pockets.


40 posted on 09/27/2013 1:32:12 PM PDT by Venturer ( cowardice posturing as tolerance =political correctness)
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To: Jacquerie
There ought to be some personal risk involved in these theatrical raids.

I think most of the agents on these raids are probably arrogant bullies with a "cop mentality", but the real ones that need to be involved in 'personal risk' are the politico types that organize these things to begin with; and all the way to the top.

41 posted on 09/27/2013 1:35:08 PM PDT by The Sons of Liberty (Muzzie killing muzzie what's the downside and who am I to stop them ?)
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To: Still Thinking
What did they do? Advertise on Limbaugh?

Yep, all the time.

Another Brownie merit badge for some administration boot licker.

42 posted on 09/27/2013 1:54:28 PM PDT by BwanaNdege ("Life is short. It's even shorter if you suggest going out for pizza on your anniversary" Peter Egan)
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To: SeekAndFind

Stock soars after raid of Bumber Liquidators


43 posted on 09/27/2013 1:55:33 PM PDT by bunkerhill7 (("The Second Amendment has no limits on firepower"-NY State Senator Kathleen A. Marchione.))
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To: SeekAndFind
Sounds like they weren't “paying their fair share”.To the Rat Party Campaign Committee that is.
44 posted on 09/27/2013 1:55:46 PM PDT by Gay State Conservative (Osama Obama Care: A Religion That Will Have You On Your Knees!)
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To: SeekAndFind

They advertise on Rush I think. That would explain a lot.


45 posted on 09/27/2013 1:59:49 PM PDT by HereInTheHeartland (Just wanted to say I hope you great NSA folks are enjoying my posts here.)
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To: CaptainK

What no guitars made with imported wood? Just flooring?


46 posted on 09/27/2013 2:09:32 PM PDT by glyptol
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To: HereInTheHeartland; Obama_Is_Sabotaging_America; 9YearLurker
Lumber Liquidators used to advertise on Rush Limbaugh's show, but apparently withdrew sponsorship after the Sandra Fluke "slut" Brouhaha.

See This link :

It says:

Lumber Liquidators
telephone: 800.427.3966
facebook
twitter: @hardwoodforless
email form

"At this point, we have no plans to advertise on Rush Limbaugh.

With that said, Lumber Liquidators purchases broadcast media as a means to reach a mass audience. The stations and networks are selected based on demographic criteria and ratings. We neither select programming or personalities as a part of that purchase. Stations place our commercials within programming that has unsold inventory or available time slots. Our advertising is not an endorsement of or an indication of support for any specific programming. Thank you for the opportunity to respond to your concern."

47 posted on 09/27/2013 2:13:09 PM PDT by SeekAndFind
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To: Uncle Chip

No that was from McDummmb. Check the DNA. Recognizable habits.. craps in own nest and is above it all.Hover poop hover poop and drone on and on..


48 posted on 09/27/2013 2:13:10 PM PDT by glyptol
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To: SeekAndFind

Is this another Gibson guitar raid?

http://dailycaller.com/2013/05/26/paper-gibson-guitar-raids-may-be-another-case-of-obama-administration-targeting/

And this?

Seymour Hersh: Bin Laden Raid “One Big Lie”

http://www.infowars.com/seymour-hersh-bin-laden-death-one-big-lie/


49 posted on 09/27/2013 2:21:58 PM PDT by GOPJ ( Politicians who fear the people seek to disarm them. - - Bill St. Clair)
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To: SeekAndFind

Well the good news is there is still 4 days left in their first ever warehouse clearance sale. It began on the 19th.


50 posted on 09/27/2013 3:03:42 PM PDT by justa-hairyape (The username is sarcastic. Although at times it may not appear that way.)
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