Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-2021-4041-55 next last
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.")
[ Post Reply | Private Reply | To 3 | View Replies]

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 ?)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 24 | View Replies]

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...)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 6 | View Replies]

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
[ Post Reply | Private Reply | To 2 | View Replies]

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...)
[ Post Reply | Private Reply | To 7 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 9 | View Replies]

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!)
[ Post Reply | Private Reply | To 1 | View Replies]

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!)
[ Post Reply | Private Reply | To 33 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 35 | View Replies]

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.)
[ Post Reply | Private Reply | To 12 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-55 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson