J.P. Morgan Lowers Price Target on Sherwin-Williams to $83
bittans, you have been a lucky long, I guess holding thru thru these ups and downs has paid off for you. that being said, shw has managed to get these increases thru, how much higher can they drive price for a gallon of paint? record numbers come from increases as much as 40% in the last few yrs. we are now no longer a customer, as we found ppg has as good or better quality for 30% lower cost. if they expect to keep the volumes, they will have to run the 40% sale everyday. this is most likely the high for the medium term
the 30% we save from using ppg , represents contractor prices. it is actually 50% or more off the over inflated retail price shw commands. to your credit they are concerned with shaeholders only, and could give a rats cahoo, about the long term contractors that got them this far.
I have been using Sherwin Williams products for years, but have used competitive products as well. You must not be measuring similar products when you say there is a huge quality difference. The products I use perform well, save me money, but more importantly the customers are very, very happy for years. That is why they refer me all the time to others. My customers actually request Sherwin Williams products knowing they will be happy. I can't speak for what your customers say. I just go with what works for me.