The damage has been done.
Will anybody in their right mind is going to put products containing formaldehyde in their homes? Will home builders touch this stuff until another manufacturing method is found?
Apartment / rental housing might be the first hitting the lawsuit button followed by massive class action suits.
The cost will be retrofitting / ripping out and installing replacement products .... if.... as you suggest.... they are not in compliance with state product safety regulations.
Just watching to see what happens. Could HD and LOW also have a problem?
1. "All of Tyson's turkey operations are actually in Iowa"
2. The only chicken / turkey company that DOES have infected turkeys is SEB Seaborad and .... Seaboard stock rocketed up today.
Read the details of all reports under Tyson and you will find the reference to Seaboard (SEB) which, ironically, is the only poultry stock UP today. SEB had cases of infection per the report.
Up if infected flock found: SEB
Down if not found: TSN SAFM PPC etc.
Either Bloomberg or MSNBC mentioned there was a rumor about a takeover but they said nothing could be confirmed. So, for now, it's just rumor. Could have caused the spike.
GSI has the "china syndrome".
Virtually all stocks traded on USA and EU markets have gone bankrupt.
It appears GSI could be next.
Business model: List on U.S. and EU markets, collect investment money, go belly up and keep the money.
It appears to be true more and more.
If it becomes reality, the entire Brazil economy will tank with no new investors.
Brazil is no longer a place where one can invest.
Virtually the entire Brazil stock market is tanking and the government grabbing money from companies along with massive corruption is showing its disastrous direction.