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(US Department of Justice)   Lumber Liquidators. The most trusted name in flooring, pays out $33M for lying to investors. Trust well placed   (justice.gov) divider line
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604 clicks; posted to Business » on 15 Mar 2019 at 10:50 AM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



8 Comments     (+0 »)
 
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2019-03-15 11:26:58 AM  
In a previous job, one of my duties was to monitor companies whose stocks had decreased significantly that day.  Back when the scandal about LL's foot-melting bamboo flooring came out, it was fascinating to watch their stocks plunge.
 
2019-03-15 11:29:03 AM  
They said they were trusted in flooring.  They didn't say anything about accounting.
 
2019-03-15 11:42:00 AM  

Douggernaut: In a previous job, one of my duties was to monitor companies whose stocks had decreased significantly that day.  Back when the scandal about LL's foot-melting bamboo flooring came out, it was fascinating to watch their stocks plunge.


Whitney Tilson made a killing shorting it.
 
2019-03-15 12:00:02 PM  
Do they advertise heavily on talk radio?
 
2019-03-15 12:15:48 PM  

Hector_Lemans: Douggernaut: In a previous job, one of my duties was to monitor companies whose stocks had decreased significantly that day.  Back when the scandal about LL's foot-melting bamboo flooring came out, it was fascinating to watch their stocks plunge.

Whitney Tilson made a killing shorting it.


Is that the guy who was sending thinly-veiled "Hey, investigate these guys" information to the press to drive their stock price down because they were being investigated?
 
2019-03-15 12:15:53 PM  

Hector_Lemans: Douggernaut: In a previous job, one of my duties was to monitor companies whose stocks had decreased significantly that day.  Back when the scandal about LL's foot-melting bamboo flooring came out, it was fascinating to watch their stocks plunge.

Whitney Tilson made a killing shorting it.


That was a fascinating story to read and follow.
 
2019-03-15 12:22:43 PM  
My liquidating lumber is quite substantial.
 
2019-03-15 01:49:07 PM  

Pinnacle Point: My liquidating lumber is quite substantial.


Hopefully it isn't discharging formaldehyde.  That would be quite unfortunate.
 
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