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How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

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Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#41

Post by erobbins »

shiven wrote: post #40
hga wrote: post #16

Earlier quoted context omitted.

From The Fine Article: " When Zhou began looking into the Toano, Virginia-based company back in 2013, he says he found online complaints about its Chinese-made flooring. So he bought products from Lumber Liquidators and paid to have them analyzed. The results led him to publish a post on investing website Seeking Alpha on June 20, 2013, that advocated shorting the stock because the tests showed levels of formaldehyde…

And while 60 Minutes is entirely untrustworthy ... Wait, what? Any proof for that statement? How come they are still on air? Why wasn't their parent broadcaster sued out of existence, if what you claim is true?

The first one that comes to mind was their fraudulent reporting about the audi 5000 and "sudden acceleration" in the 80s. Their lies almost destroyed an entire company.

http://en.wikipedia.org/wiki/Audi_100#Reported_sudden_uninte...

Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#42

Post by fnordfnordfnord »

shiven wrote: post #40
hga wrote: post #16

Earlier quoted context omitted.

From The Fine Article: " When Zhou began looking into the Toano, Virginia-based company back in 2013, he says he found online complaints about its Chinese-made flooring. So he bought products from Lumber Liquidators and paid to have them analyzed. The results led him to publish a post on investing website Seeking Alpha on June 20, 2013, that advocated shorting the stock because the tests showed levels of formaldehyde…

And while 60 Minutes is entirely untrustworthy ... Wait, what? Any proof for that statement? How come they are still on air? Why wasn't their parent broadcaster sued out of existence, if what you claim is true?

Benghazi coverage, the Bush National Guard story coverage, their NSA/Snowden fluff piece, etc. It's not hard to find credible criticism of 60 Minutes, even if you can't tell just by watching it.

http://www.cjr.org/behind_the_news/60_minutes_bad_run.php

Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#43

Post by marinabercea »

MicroBerto wrote: post #37
parfe wrote: post #2

The idea of private citizens both being able to investigate companies for wrong doing and earn income for their work appeals to me. No lawsuit, no legal process. After doing some investigations, just some quick transactions on a trading account, and a blog post later.

Anyone with a solid platform can make a lot of noise. Our blog has an article[1] that gets more traffic than you can imagine, and it's been part of the cause for some serious changes in a billion-plus dollar industry. Never underestimate the power of the pen and some quality research. [1] https://blog.priceplow.com/protein-scam-amino-acid-spiking

I wasn't aware free form amino acid padding was a real issue. Do you have any idea if this a world-wide problem or of particular US-interest only? I bookmarked your site, thanks!

Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#44

Post by ck2 »

Now look around you at the 1000 products that construct and are in your home that are made in China.

We even import some food from China.

Your car tires are probably made in China.

Think all those things meet US regulations? Who is going to inspect them, the handful of people that are responsible for tens of thousands of freight containers per day?

Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#45

Post by fnordfnordfnord »

bstar77 wrote: post #35

This is sort of off topic, but I'm right in the middle of ripping up floors from Lumber Liquidators that I put down a few years ago- parts that are at the center of this cluster fuck. My whole family has been struggling with health issues that coincide with when I put these floors down. I have a Chihuahua that has developed terrible sinus problems, my 6 year old son is having sinus and cough issues and my wife has br…

Is this the laminate, PVC planks, or some other that you're referring to? Thanks.

Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#47

Post by mikeash »

bstar77 wrote: post #39
jusben1369 wrote: post #38

Earlier quoted context omitted.

Terrifying/sad/fascinating story. Did you ever take an extended holiday over that time and notice general improvements to your health?

Yes. My Chihuahua has seen the best improvements after being out of our home for a week while we went on vacation- we also felt better too. I assumed we had a mold problem, but those test recently came up negative. I should note I have the least issues, but I spend the least amount of time at home.

That's frightening. If all this stuff is true, somebody ought to go to prison for it.

Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#48

Post by bstar77 »

fnordfnordfnord wrote: post #45
bstar77 wrote: post #35

This is sort of off topic, but I'm right in the middle of ripping up floors from Lumber Liquidators that I put down a few years ago- parts that are at the center of this cluster fuck. My whole family has been struggling with health issues that coincide with when I put these floors down. I have a Chihuahua that has developed terrible sinus problems, my 6 year old son is having sinus and cough issues and my wife has br…

Is this the laminate, PVC planks, or some other that you're referring to? Thanks.

It's the laminate.

Here's a pic: http://i.imgur.com/vF4zo56.jpg

Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#49

Post by mathattack »

parfe wrote: post #2

The idea of private citizens both being able to investigate companies for wrong doing and earn income for their work appeals to me. No lawsuit, no legal process. After doing some investigations, just some quick transactions on a trading account, and a blog post later.

It's a big risk though. You can be right, but there may be other reasons why the stock moves. If you don't get on 60 minutes and the company gets acquired, you could face a big loss of capital.

Re: How a 25-Year-Old Investor Spurred Lumber Liquidators’ Plunge

#50

Post by pbreit »

fnordfnordfnord wrote: post #42
shiven wrote: post #40

Earlier quoted context omitted.

And while 60 Minutes is entirely untrustworthy ... Wait, what? Any proof for that statement? How come they are still on air? Why wasn't their parent broadcaster sued out of existence, if what you claim is true?

Benghazi coverage, the Bush National Guard story coverage, their NSA/Snowden fluff piece, etc. It's not hard to find credible criticism of 60 Minutes, even if you can't tell just by watching it. http://www.cjr.org/behind_the_news/60_minutes_bad_run.php

But "entirely untrustworthy" is quite a stretch.
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