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Lowes Drops After Lumber Liquidators' Short Says They Also Sold Toxic Flooring

Tyler Durden's picture




 

Lowes' stock is down 2.5% in the pre-open (after notable weakness yesterday) despite the broad market's bounce, following reports that the home improvment retailer sold the same 'toxic' flooring as Lumber Liquidators:

  • *LUMBER LIQUIDATORS SHORT SELLER SAYS LOWE’S SOLD TOXIC FLOORING
  • *ZHOU SAYS LOWE'S SOLD SIMILAR QUESTIONABLE FLOORING FROM CHINA

Zhou intends to present the report proving this later today and for now Lowes has said its flooring is safe and compliant with regulations.

 

 

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Fri, 05/01/2015 - 09:19 | 6050224 J S Bach
J S Bach's picture

They're reaching new Lowe's.

Fri, 05/01/2015 - 09:21 | 6050231 Headbanger
Headbanger's picture

So don't eat the floor.

DUH!

Fri, 05/01/2015 - 09:23 | 6050236 Stuck on Zero
Stuck on Zero's picture

Another toxic product from China.  Whooda thunk?

Fri, 05/01/2015 - 09:24 | 6050244 VinceFostersGhost
VinceFostersGhost's picture

 

 

Don't lick the paint, don't eat the floor.

 

Sage advice.

Fri, 05/01/2015 - 10:02 | 6050374 GMadScientist
GMadScientist's picture

Cancer: Made in China

Fri, 05/01/2015 - 10:22 | 6050440 ParkAveFlasher
ParkAveFlasher's picture

I'm board with this news, oak-ey dokey?

Fri, 05/01/2015 - 11:20 | 6050668 Crash Overide
Crash Overide's picture

Gosh we really need the TPP to fix this...

Fri, 05/01/2015 - 09:26 | 6050247 SethDealer
SethDealer's picture

trial lawyers in control

Fri, 05/01/2015 - 09:22 | 6050229 Cognitive Dissonance
Cognitive Dissonance's picture

What ever happened to that toxic Sheetrock China was producing, and every place in the US was selling, during the last housing boom? Interesting how the (toxic and chemically impaired) memory fades with time.

Fri, 05/01/2015 - 09:41 | 6050291 yellowsub
yellowsub's picture

They still flouridate drinking water so toxic is all relative.

Fri, 05/01/2015 - 09:54 | 6050350 Fun Facts
Fun Facts's picture

-11 IQ points for fluoride

-5 for statins

now you have a nation of drooling zombie retards who will believe anything and do whatever they're told.

Fri, 05/01/2015 - 10:57 | 6050579 Nobodys Safe
Nobodys Safe's picture

Maybe that's why I buy high and sell lowe's, darn it!!

Fri, 05/01/2015 - 09:23 | 6050239 BanksterSlayer
BanksterSlayer's picture

China: Destroying Amerika One Floorboard at a Time.

 

Fri, 05/01/2015 - 09:59 | 6050370 free_as_in_beer
free_as_in_beer's picture

There is no A in Merika.

 

oh wait.....

Fri, 05/01/2015 - 09:24 | 6050243 NoDebt
NoDebt's picture

Formaldehyde is a preservant.  MAYBE it kills you, but you'll still look fantastic.  So will your floor.

Fri, 05/01/2015 - 09:35 | 6050269 Uncle Zuzu
Uncle Zuzu's picture

A floor to die for, dahling!

Fri, 05/01/2015 - 09:39 | 6050284 Dr. Venkman
Fri, 05/01/2015 - 09:51 | 6050335 JRobby
JRobby's picture

It is everywhere

Preserved in life as if dead.

When your ability to consume our killer products ends, we no longer have a use for you.

Fri, 05/01/2015 - 10:03 | 6050380 GMadScientist
GMadScientist's picture

You're one bandage, one nose straw, and one pyramid away from being Tut.

Fri, 05/01/2015 - 09:30 | 6050253 overmedicatedun...
overmedicatedundersexed's picture

all mega corps are guilty- what's new here??

Fri, 05/01/2015 - 09:28 | 6050254 heisenberg991
heisenberg991's picture

Morning toxic wood

Fri, 05/01/2015 - 09:30 | 6050258 q99x2
q99x2's picture

Pelosi looks like she ate some of it.

Fri, 05/01/2015 - 09:31 | 6050262 snr-moment
snr-moment's picture

Nuclear waste? What nuclear waste???

Fri, 05/01/2015 - 09:36 | 6050267 Uncle Zuzu
Uncle Zuzu's picture

Hey wait!  If everyone is doing it too, doesn't that mean Lumber Liquidators is a massive BUY here? GO LL !!

btw, no relation Zhou and Uncle Zuzu.

Fri, 05/01/2015 - 09:42 | 6050296 JRobby
JRobby's picture

My floor has terrible gasses

Fri, 05/01/2015 - 09:51 | 6050334 Tinky
Tinky's picture

I just got off of the phone with Paul Krugman, and he was nearly bursting with excitement about the stimulation to the economy that all of this toxicity is likely to engender. When I mentioned the Broken Window fallacy, his response was "What? Is the glass also toxic?"

Fri, 05/01/2015 - 09:54 | 6050349 buzzsaw99
buzzsaw99's picture

how am i supposed to keep my floor clean if i can't lick it?

Fri, 05/01/2015 - 10:03 | 6050385 GMadScientist
GMadScientist's picture

goldman muppets have good absorbency.

Fri, 05/01/2015 - 10:02 | 6050377 Atlas Crapped
Atlas Crapped's picture

Maybe they can "fix" Walmart's "blockage" and soar to new HIGHS (har de har har)

Fri, 05/01/2015 - 10:05 | 6050394 blown income
blown income's picture

Fuck , dam near everything is made in China...LL started as a American company..hard to believe that they send wood to China to have it cut, milled, stained packaged and sent back here...

 

 

Fri, 05/01/2015 - 10:20 | 6050430 mastersnark
mastersnark's picture

Just when I thought it was safe to eat my floor...

Fri, 05/01/2015 - 10:38 | 6050496 the grateful un...
the grateful unemployed's picture

the formaldehyde issue goes way back, to the mobile home manufacturing boom 30 years ago, turns out its only a problem if you don't open your windows once in a while. i was at sLowes last night, they have almost no one working, and very few who know anything, one employee told me the strike in LA port district has screwed up their suppliers, (after reading in the UT just that mornning that there are no problems whatsoever). i see almost no one going out of there with a lot of stuff. things are getting tight again. (the UT also says that employment is the best its been in 15 years, and the Chargers deserve a new billion dollar stadium paid for taxpayer money. just another day in paradise (temperatures yesterday average for late AUGUST.

Fri, 05/01/2015 - 10:54 | 6050562 Nobodys Safe
Nobodys Safe's picture

I love formaldehyde in the morning...

If you like your formaldehyde, you can keep your formaldehyde....

Fri, 05/01/2015 - 11:22 | 6050683 Laddie
Laddie's picture

Recall the Chinese Dry Wall contaminated scandal of a few years ago and they are STILL using Chinese dry wall in home mfg in the USA.

China IS at WAR with the White nations and what does our Tribal led .gov do? Well from Bill Clinton to Barak Obama they've given the Chinese the latest and most advanced of our computer technologies which are used in military weaponry targeting guess who?

What the Chinese do is export their toxic waste to America in their consumer products.

http://www.scrippsnews.com/node/43576
Radioactive cheese grater case shows lack of oversight
Wed, 06/03/2009
By ISAAC WOLF, Scripps Howard News Service

Who is in charge of protecting Americans from products made from radioactively tainted metal?

The answer: No one.

Another chain pulls cadmium-tainted kids' jewelry
By JEREMIAH MARQUEZ and JUSTIN PRITCHARD, Associated Press Writers
Tuesday January 12 2010
LOS ANGELES – A second international chain store said it is pulling from shelves jewelry that lab tests show contained high levels of the heavy metal cadmium, and Chinese regulators said they will investigate dangerous levels of the toxin in children's jewelry being exported to the United States. Also, a U.S. senator called for hearings.

The jewelry and accessories store Claire's, with nearly 3,000 locations in North America and Europe, on Tuesday joined Wal-Mart Stores Inc. in saying it would stop selling any item cited in an Associated Press investigation of the presence of cadmium in cheap bracelets and charms.

Charms on a "Best Friends" bracelet sold at Claire's contained 89 and 91 percent cadmium, according to testing organized by AP, and shed alarming amounts in a procedure that examined how much cadmium children might be exposed to.

And vitamins, guess where it all comes from? You guessed it already! Yes, China, from 2000:

Chinese Vitamins - You Can't Escape Them!
by Walter Pittman

So now its Chinese ginger poisoning the world, along with Chinese toothpaste, Chinese farmed fish, Chinese pet food, Chinese pickled vegetables, Chinese honey and Chinese toys tainted with lead. The ginger is contaminated with aldicarb sulfoxide, a dangerous pesticide banned in America. Chinese toothpaste is contaminated with diethylene glycol, farmed fish and pet food with melamine, and pickled vegetables with DDVP, another dangerous pesticide.

It's because the federal government mandates the "fortification" of flour with vitamins and minerals, and because these vitamins and minerals are now manufactured in China. And so, as usual, the federal government is a part of the problem rather than the solution. In taking charge of your health you are on your own.

And besides vitamins, many other food additives are also made in China. Much of the artificial flavoring, vanillin, found in many baked products, is made in factories in Zhejiang Province, China, from the petrochemical benzene. Much of our artificial butter flavoring, diacetyl, is likewise made in China, from the petrochemical “natural gas.” Much of our sorbic acid, a preservative also made from “natural gas,” is made in China. Much of our artificial colorings come from the oil refineries of the Yellow River Delta of China. Much of our aspartame, too, comes from China.

And your meds too, but MDs I consult are quite happy about it, which ought to tell you something:
REPORT: Americans completely reliant on China for antibiotics
Monday 11:57 AM 02/17/2014
Christopher Bedford

The United States is nearly completely reliant on China for it’s supply of lifesaving antibiotics.

“The crucial ingredients for nearly all antibiotics, steroids and many other lifesaving drugs are now made exclusively in China,” The New York Times reported in the 32nd paragraph of a Friday article entitled “Medicines made in India set off safety worries.”

Indeed, 2014 marks the tenth anniversary of Bristol-Myers Squibb — the last American plant that manufactured the key ingredients for penicillin and other drugs — shuttering it’s upstate New York factory.

“Like other manufacturing operations, drug plants have been moving to Asia because labor, construction, regulatory and environmental costs are lower there,” the Times reported in 2009.

As China has grown economically, it has also grown more bellicose.

Of course I could go on but I doubt even ZH has the bandwidth to cover it.

And yes the .gov run VOA had the misspelling as given:

Experts: Coming Demographic Shift Will Strengthen US Culture
The Voice of America began broadcasting in 1942 to combat Nazi propaganda with acurate and unbiased news and information. Ever since then, VOA has served the world with a consistent message of truth, hope and inspiration.

Fri, 05/01/2015 - 11:37 | 6050758 Mike Honcho
Mike Honcho's picture

China, you don't say!

 

My former elementary school did a major remodeling.  Opened the doors and a plague of breathing/nausea/headache symptoms hit the staff and students.  But the cause was sooo elusive.  Contractor denied responsibility but in the end had to redo the entire project.  Culprit: cheap worthless toxic save a buck China drywall.

Fri, 05/01/2015 - 12:02 | 6050874 Laddie
Laddie's picture

I think the average person has NO IDEA of what is really going on. Here at ZH, at least, smart people, informed people, know the score.

Fri, 05/01/2015 - 11:42 | 6050775 Mike Honcho
Mike Honcho's picture

So Lowe's has a lawsuit pending or what?  That case of libel should hurt the revenues or worse yet STOCK!

Fri, 05/01/2015 - 12:51 | 6051026 Lostinfortwalton
Lostinfortwalton's picture

Lowes does sell oak flooring produced in the US and Canada. If you can't afford to do the whole house do a room at a time and use cheap carpet over the other subfloors until you can lay down the oak.

Fri, 05/01/2015 - 13:29 | 6051142 Fix It Again Timmy
Fix It Again Timmy's picture

Business opportunity - turn that room with Chinese flooring into a cut-rate funeral home - no need to inject formaldehyde, just put the body in the room and advertise $99 funerals..

Fri, 05/01/2015 - 15:14 | 6051620 scam_MERS
scam_MERS's picture

Hmm, didn't last long - Lowe's is up 2.28% so far today, so much for fear-mongering headlines.

Not a fan of Lowe's myself, I'm more of an HD guy.

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