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SanDiegoNonSurfer

SanDiegoNonSurfer
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  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "Several suits have been entered that aren't class action"

    Ok, that would be something. Can you provide a link (or links)?
    May 26, 2015. 08:44 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "Re your "passed cert" remark"

    Not certiorari. Class certification. Until the purported ;-) class has been certified, there isn't even a recognized plaintiff. The courts first need to make a finding (according to Rule 23) that a class exists. If they do find there's a class (which is not a given) they'll almost certainly merge many of these filings, there would be an opt-out period, etc. And then there would be (if all of this happens) a plaintiff with a lawsuit against LL.

    To say that LL is "embroiled in over a hundred lawsuits" is to misstate the facts. Perhaps at some point there will be litigation against LL over claims that have something to do with CH2O -- or perhaps not. We simply don't know yet.
    May 26, 2015. 08:38 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    So again, can either of you name even ONE actual lawsuit -- not a purported (=supposed) lawsuit, not just a filing, but an actual lawsuit that's accepted by the courts and assigned a court date on the basis of something related to CH2O? I've looked, but haven't been able to find any.

    Can you even find a class that's passed cert (one of several steps to becoming an actual class action lawsuit)? Again, I've looked for that but there don't seem to be any to date. At some point, there may be one or more, but so far this appears to be just a lot of talk and a bunch of filings that may or may not make it past even the initial barriers to becoming a real lawsuit involving LL.

    Oh, and thanks for the attempts at sarcastic nastiness. Got a laugh out of 'em. Please keep it up ;-)
    May 26, 2015. 06:02 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "the Company is aware of 103 pending purported class action cases"

    I read the 10Q. Suggest you look up the meaning of "purported". This statement doesn't say what you and Reel Ken appear to think it does.
    May 26, 2015. 05:58 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "Do a Google search"

    Again, have any of these passed cert, demonstrated standing, and have a court date? If not, all they are is a filing. Anyone can file. Once there's a court date, then LL actually has a lawsuit to deal with.
    May 26, 2015. 05:56 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "So, which one of these "ONE's" do you want ?"

    Which "one" has passed cert, has demonstrated standing, and has a court date?
    May 26, 2015. 05:54 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "The National Law Journal has reported that Girard Gibbs has filed THREE lawsuits against LL for CH2O"

    All I see for Gibbs are filings. Anyone can file, but that doesn't mean you'll go to court and get into an actual lawsuit. That's why I asked for the court date, not just a filing. Have any of these even passed cert? I think we'd have heard if the had.
    May 26, 2015. 05:53 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "There's like a 100 lawsuits"

    Based on CH2O? I think not. Can you name even one of these supposed lawsuits and tell us its court date?
    May 26, 2015. 03:16 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "God help the shorts if LL should win"

    Dante, I agree that this appears to be a media-created appearance of problem more than it appears to be an actual problem. But... according to NASDAQ, short interest is low. It was very high >>before<< the 60-minutes episode, but fell dramatically right after.

    There are, however, other interested parties who'd have reason to keep the pressure on at this point -- law groups looking to initiate class action suits and competitors. HD and LOW had teamed up previously to see if they could get anti-dumping enforcement against LL. In the arena of lawsuits, this one is the most interesting in that the 60-minutes episode occurred just as the anti-dumping suit was getting underway and both are based on "bad things from China are harming us" allegations.
    May 26, 2015. 03:02 PM | Likes Like |Link to Comment
  • Lumber Liquidators: What Does It Mean When The CEO Resigns Unexpectedly? [View article]
    "other than losing the suits"

    Are there any actual lawsuits related to CH2O yet -- I mean, have any classes passed cert, plaintiffs demonstrated standing, etc. (iow, the legal barriers that must be passed before there can be a lawsuit)? There's been a lot of talk about lawsuits, but if there's an actual, real lawsuit I couldn't find it....
    May 26, 2015. 02:48 PM | Likes Like |Link to Comment
  • Benchmarking 5 Emerging Market Bond CEFs: Is Active Management Worth It? [View article]
    Interesting article and discussion. Thanks.
    May 26, 2015. 02:41 PM | 1 Like Like |Link to Comment
  • Benchmarking 5 Emerging Market Bond CEFs: Is Active Management Worth It? [View article]
    Why would you avoid Russia? Seems to me Russian markets have a lot of upside potential and not much chance of going bust.
    May 26, 2015. 02:40 PM | Likes Like |Link to Comment
  • Thoughts On The Unexpected Resignation Of Lumber Liquidators' CEO [View article]
    Ok, now I'm really starting to wonder if you've lost perspective.

    It's not a matter of what a teacher says, but of the number of ways that a result can be obtained. If you have a stats background, that shouldn't be so hard to understand. There's only one way to throw a 12 with a pair of die (6,6), but 4 ways to throw a 5: 2(2,3)+2(1,4).

    Same principle here. There's only one way (barring error) to get a low reading, but an uncountable number of ways to get a high reading. This isn't teacher says, nor arbitrary rules. It's a matter of counting.

    The negative results have a higher weight because 1) there's only one likely way to obtain it and 2) there's less chance that these outcomes were manipulated. The probability of the floor not outgassing in these cases is close to one. OTOH, there are so many ways to get the high reading, with floor outgassing being one of a very high number, that the chances of the high readings being due to the floor outgassing are 1/(really big number), IOW, something less than one, and possibly close to zero. Additionally, there's plenty of motivation for manipulating a high result, pushing the likeihood of floor outgassing as cause closer to zero.

    You need to address the math directly, not skirt it with irrelevancies.

    Unfortunately, I'm leaving for the weekend, so I won't have a chance to see what other non-relevant examples you come up with until Monday evening. Have fun.
    May 22, 2015. 11:02 AM | Likes Like |Link to Comment
  • Thoughts On The Unexpected Resignation Of Lumber Liquidators' CEO [View article]
    'I didn't see you or anyone come out when LL said it was 97% positive, condemning the tests at that point. Funny, you wait till I focus on the 3% to come out. "

    I don't think you understand this at all. The negative results are not equally suspect as the positive ones. That would be the case even if the proportion were somewhat higher. This is true by the very nature of the process and how the results were obtained.

    The reason this is so is because it's nearly impossible to get a low reading if the flooring in the room were outgassing at high levels. OTOH, even if the flooring is not outgassing at all, there are an innumerable number of ways to get a high reading. Do you truly not understand this? That's not "spin", it's fundamental math.
    May 22, 2015. 09:24 AM | 2 Likes Like |Link to Comment
  • Thoughts On The Unexpected Resignation Of Lumber Liquidators' CEO [View article]
    "so since the entire test was just...bogus...any attempt to put a statistical significance on it is [erroneous]"

    In edited form, this is true.

    "and since the object is to just confuse everyone with speculation and conjecture"

    Was that the object? I'm not a mind reader, so I can't say for certain it wasn't. I presumed the object was to give purchasers a way to alleviate any fears they might have -- which is the expressed intent and something that makes sense to offer in a world where you can trust others.

    "nothing can ever be concluded that show LL in an unfavorable light because LL is the "golden Child" and the stock everyone should own."

    That's not even worth discussing since A) it's ridiculous, and B) has no relevance to whether these home kit results can be considered a scientifically valid test that LL did of their products.

    I can understand you have a strong opinion and believe you've found evidence that vindicates that opinion. However, that "evidence" is not valid. I can further understand that this must be frustrating. But the (frustrating for all) fact remains that there is as yet nothing that will stand up as actual evidence. There are allegations, allusions, a bit of heresay, and some of what a court would call circumstantial evidence. None of these rise to the level of actual evidence, and we have at least as much circumstantial evidence of an orchestrated misinformation campaign.
    May 22, 2015. 09:07 AM | 1 Like Like |Link to Comment
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