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Author: wilderhawke Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 50  
Subject: Downward trend deserved? Date: 3/30/2001 10:57 AM
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It appears this company's stock is going down in part due to the news from Libby, Montana. Apparently, as papers report, Grace operated a plant there that has literally ruined the lives of hundreds of people, not to mention the millions who live in homes which have the asbestos based insulation in them.

The reports I read claim that Grace (via company reports) actually knew as far back as the 70s that their product was turning out to be injurious to health and the environment, but they decided to do nothing... other than keep on producing the stuff.....

If all this is true I hope more happens than the company going broke. I hope someone is held responsible.
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