Seeking Alpha

Lumber Liquidators falls after Feds storm HQ

  • Shares of Lumber Liquidators (LL) crumple in early trading on reports the company's headquarters in Virginia have been searched by federal authorities.
  • Homeland Security Investigations executed a search warrant in coordination with the DOJ and U.S. Fish and Wildlife Service, according to the Charlotte Observer.
  • LL -8.1% premarket.
Comments (11)
  • dacama1
    , contributor
    Comments (220) | Send Message
     
    Wonder if they came armed?
    27 Sep 2013, 08:27 AM Reply Like
  • Cheesehusker
    , contributor
    Comments (314) | Send Message
     
    Probably. They did when they raided Gibson Guitars
    27 Sep 2013, 09:14 AM Reply Like
  • Information Overload
    , contributor
    Comments (67) | Send Message
     
    They stormed the HQ yesterday during trading hours...
    27 Sep 2013, 09:49 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1133) | Send Message
     
    What ever happened to "Send a couple guys over there to talk to them and see what's going on"?

     

    Nah, send in the storm troopers and trash their business. We have too many employed already.

     

    Similar thing happened in Wisconsin a month or so ago, when they sent in armed agents to secure (and euthanize) a deer fawn that some people had rescued and were holding on their property pending transfer to an animal shelter.

     

    Ah, this water is nice and warm. What's to worry?
    27 Sep 2013, 10:03 AM Reply Like
  • mobyss
    , contributor
    Comments (2152) | Send Message
     
    Remember Elian Gonzales?
    27 Sep 2013, 11:57 AM Reply Like
  • Dextertheinvestor
    , contributor
    Comments (76) | Send Message
     
    CEO must have donated to Romneys campaign.
    27 Sep 2013, 11:04 AM Reply Like
  • KJP712
    , contributor
    Comments (454) | Send Message
     
    Check the wood for termites after they leave.
    27 Sep 2013, 11:57 AM Reply Like
  • deercreekvols
    , contributor
    Comments (6487) | Send Message
     
    Why doesn't anyone storm JPM or Goldman Sachs who continue to manipulate markets?
    27 Sep 2013, 12:05 PM Reply Like
  • ValueInvestor
    , contributor
    Comments (475) | Send Message
     
    Why would they bite the hand that feeds them?
    27 Sep 2013, 12:17 PM Reply Like
  • deercreekvols
    , contributor
    Comments (6487) | Send Message
     
    Very true and insightful. Fines are the new tax on JPM and Goldman Sachs. Never any jail time for the executives who continue to write check.
    27 Sep 2013, 10:45 PM Reply Like
  • LF Lane
    , contributor
    Comments (4) | Send Message
     
    There is big money to be made here if we can figure out which wood product company they will raid next. Any guesses?
    27 Sep 2013, 12:37 PM Reply Like
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