{"id":39367,"date":"2013-12-02T08:38:52","date_gmt":"2013-12-02T13:38:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=39367"},"modified":"2013-12-02T08:38:52","modified_gmt":"2013-12-02T13:38:52","slug":"hedge-fund-downgrades-stock-over-companys-links-to-illegal-logging-in-russian-far-east","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2013\/hedge-fund-downgrades-stock-over-companys-links-to-illegal-logging-in-russian-far-east.html","title":{"rendered":"Hedge fund downgrades stock over company&#8217;s links to illegal logging in Russian Far East"},"content":{"rendered":"<p>MONGABAY &#8211; A hedge fund manager has downgraded Lumber Liquidators&#8217; stock over the company&#8217;s alleged links to illegal logging in the Russian Far East, reports\u00a0<i>The Wall Street Journal<\/i>.<\/p>\n<p>Speaking at the Robin Hood Investors Conference on November 22, Whitney Tilson, the founder of Kase Capital Management, said Lumber Liquidators&#8217; stock price may be inflated due to purchases of illegally sourced timber from Russia, which is less costly than legitimately-sourced wood. He set a two-year price target of $53 for the stock, which was trading at $115 at the time. The stock plunged 12 percent after the presentation.<\/p>\n<p><a href=\"http:\/\/news.mongabay.com\/2013\/1202-lumber-liquidators-stock-illegal-logging.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MONGABAY &#8211; A hedge fund manager has downgraded Lumber Liquidators&#8217; stock over the company&#8217;s alleged links to illegal logging in the Russian Far East, reports\u00a0The Wall Street Journal. Speaking at the Robin Hood Investors Conference on November 22, Whitney Tilson, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-39367","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=39367"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39367\/revisions"}],"predecessor-version":[{"id":39368,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/39367\/revisions\/39368"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=39367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=39367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=39367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}