Tile Shop shares dive on investor’s accusations

  • Article by: Evan Ramstad , Star Tribune
  • Updated: November 15, 2013 - 4:02 PM

A short seller said the Plymouth company hid the identity of its biggest supplier, a firm with connections to relatives of its CEO.

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paige7Nov. 14, 13 4:29 PM

Why on earth does our financial system allow the kind of gaming that enables an investor to MAKE money when a stock price drops? This is one of many symptoms of the idiocy of Wall Street and their unregulated greed.

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sek2undrstndNov. 15, 1310:29 AM

paige7...It's called "keeping the market honest". If you had the expertise and knowledge to know that the stock market was going to crash in 2008 and into 2009, shouldn't you be able to profit from it? It's also another way to hedge on some of your investments so you don't lose everything when the market drops.

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kklein035Nov. 17, 13 9:03 AM

In review the full report from Gotham City Research LLC (GCR), I think it is important to remember that the investors of GCR will only make a profit on their "short" position of TTS stock if their target price is reached. That being said, although a great deal of research has gone into their report, it reads as a "hit piece". As they have quoted, I too shall quote. "When I see a bird that walks like a duck, swims like a duck, and quacks like a duck, I call that bird a duck” – James Whitcomb Riley

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