Perhaps you saw CBS 60 Minutes last Sunday (March 1) showing a story about some Lumber Liquidators laminated flooring and how it badly violates California formaldehyde emission standards. The CEO of Lumber Liquidators vowed that he would be immediately on the case to verify CBS’s findings or to debunk them.
Regardless of the outcome, Lumber Liquidators’ stock has fallen. They are paying who knows how much to do their own investigation of the emission question. A clear case of short term savings from Chinese manufacturers that will cost far more in the long term.
This tells more than Lumber Liquidators’ tale. http://www.cnbc.com/id/102470304
Keep It Made in America