Two More Items Of Wayfair Inc (W) Furniture Fail Formaldehyde Tests: Tilson

Whitney Tilson's fourth article on Wayfair

Two More Items Of Wayfair Inc (W) Furniture Fail Formaldehyde Tests by Whitney Tilson, Seeking Alpha

Summary

Two more items of Wayfair furniture have failed the formaldehyde tests I commissioned.

In total, 9 of the 10 Wayfair products I’ve had tested – five types of laminate flooring and five pieces of furniture, all made of composite wood and all but one from China – have failed formaldehyde tests.

This high failure rate leads me to believe that the problem is systemic.

Wayfair is, I think, learning what Lumber Liquidators learned the hard way: if you go to China and hit the low bid, odds are high that you will get tainted product of some sort: at best,...