Stock tumbles after raid of Lumber Liquidators

CNN Money ^ | 09/27/2013

[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."

[The Sons of Liberty]

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.

[BwanaNdege]

What did they do? Advertise on Limbaugh?

Yep, all the time.

Another Brownie merit badge for some administration boot licker.

[bunkerhill7]

Stock soars after raid of Bumber Liquidators

[Gay State Conservative]

Sounds like they weren't “paying their fair share”.To the Rat Party Campaign Committee that is.

[HereInTheHeartland]

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

[glyptol]

What no guitars made with imported wood? Just flooring?

[SeekAndFind]

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."

[glyptol]

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..

[GOPJ]

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/

[justa-hairyape]

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

[expat_panama]

Call and write your support. They will need it.

Naw, we're fine. Sure, our price dipped to $98 and change this AM--

--but closed today back up within the recent trading range for the past few days.  Evidently today's dip ended up being mostly hype, and imho the legal side will probably fade out too.  So, the US gov't 'powers-that-be' hate business.  What else is new?

[Right Wing Assault]

Using lumber from non-union mills? /S

Or the owners are Conservatives/Republicans.

[1010RD]

Why do we have a department of Homeland Security?

[expat_panama]

From Monday's IBD:

"Further details on what Homeland Security was searching for were not immediately available. The company and government officials declined comment beyond initial statements."

[BerryDingle]

Like Gibson Guitars, Lumber Liquidators is just one more of Obama’s liquor store robbery/shakedowns.