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March 2015

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10

The Form of Formaldehyde

March 03, 2015 – Comments (6) | RELATED TICKERS: LL

60 Minutes did a smear piece on Lumber Liquidators, a cheap flooring company that is publically traded, and the stock price dropped 25%.  There are laws about formaldehyde levels in cheap fiberboard-backed engineered flooring and apparently the company has violated them.  They are probably worthless now; every cat lady with chronic fatigue syndrome sitting around on fake hardwood is going to jump on the class-action bandwagon and the rest of the value of the company will be diverted to pay off the settlement.  [more]

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