The Timberland Company under Investor Investigation over possible Violations of Securities Laws

May 9, 2011 - PRLog -- After shares of Timberland Company (TBL) dropped more than 25% an investigation on behalf of investors of The Timberland Company  over possible violations of Federal Securities Laws was announced.

If you purchased shares of The Timberland Company (Public, NYSE-TBL), and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns on whether the Timberland Company has violated federal securities laws by issuing false and misleading statements to its shareholders.

The Timberland Company reported over the past four annual filing periods consistent 12months Total Revenue ranging from $1.285billion to $1.436billion. In fact The Timberland Company reported an increase in its 12months Total Revenue from $1.285billion in 2009 to $1.429billion in 2010. Its Net Income rose over the past four filing periods from $40million in 2007 to $96.62million in 2010.

Shares of The Timberland Company  rose from as low as $8.45 during 2008 to over $45 in April 2011.

Then Shares of Timberland plunged 26%, or almost $11.00 per share on May 5, 2011, after The Timberland Company reported its First Quarter 2011 Results., The Timberland Company revealed that profit declined 30% during the quarter because of significantly higher labor and investment costs. According to the Timberland Company statement, profit fell to $18 million, or 35 cents a share, compared to analysts’ consensus estimates of 59 cents. In addition, reported gross margin fell 300 basis points.

Shares of the Timberland Company  fell from over $45 in April to under $30 on May 5, 2011.

Those who purchased shares of The Timberland Company (Public, NYSE-TBL), and/or if you have any information relating the investigation, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

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The Shareholders Foundation, Inc. is a professional portfolio monitoring service and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.