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Lowe's Companies Inc. Message Board

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  • astral_tsar astral_tsar Feb 22, 2003 11:02 AM Flag

    Re: HD v LOW: thanks

    In apparent confusion about the number of shares outstanding, "camoman270" begged:

    "Have you factored in the future spending of 4 billion for revamping their less than competitive stores to go to updated looks and wider isles ( you know the ones that will make them more desirable like lowe's). into the DEBt ratio's you are so proud of??? "

    Well, for HD 4 billion dollars will be about $1.70 per share. Do you guys own calculators?

    Nobody here has even tried to explain why LOW should boast (price+debt)/earnings 1.9 times that of HD. [Sure you can come up with a few numbers that favor LOW. But they stack up to "feisty underdog", not "the next big thing".] Why 1.9? If rhetoric is the key to stock valuation, why not give LOW a PE of 30? 50? 100? Good luck.

    So I'll sign off with this: "However it may appear, shares of stock are not lottery tickets but fractions of ownership in business enterprises" -- Peter Lynch

 
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