We have Menards, Home Depot and Lowes within 1/2 mile radius.
Yesterday, there were 50 cars at Menards and 10 cars at lowes.
Often, I don't see too many cars at Lowes.
And the stock goes up!
What's the story here? What am I missing?
Btw, just based on my observation of yesterday and that the stock is at its all time high, I bought puts.
Lowes had even closed one store here, last year. It was at a location that it should not have even opened at store - Home depot did not even open a store near that location. It was obvious to me, from the day I saw them building that store, that it was a bad location.. I never understood the thought process of the management, of opening there..
Longs, please don't bash me.. We are all trying to make a profit.. Longs and shorts.. It does not make shorts like me any less of people than longs.
having worked for Lowes for 7 years I have a fairly good insight as to what is happening to Lowes. One mush first look at the top management. If you look at the insiders selling off stock its quite clear the upper management has made alot of bad business decisions;ie staffing, inventor and what I also would add real poor decisions on both store management ,DMs and regional VPs What this company really needs is to bring back Mr Tillman. He started at the bottom and worked his way to the top. Todays management team is it it only for how much they can line their pockets and dont care about the people in the stores with very small staff that makes it happen. Lowes needs to get back core business, customer service, better inventory counts, and last but the most important is a management team in stores, DMS and VPS that understand the base concept of running this type of retail business.
"Having worked for Lowe's for almost seven years" (12/12/07), "As a former employee of seven years" (7/6/12), not to mention "having worked for Lowes for 7 years" (2/14/13) proves how reliable this poster IS...NOT.
Let me help you out, just like your failure at math your bashing ability also lacks something to be desired. Thanks for pointing out what the d in your handle reflects, dum hold guy..........roflmao!
There is a lot more to look at than cars in the parking lot. You can't base your financial future from that. Dig in, do your due diligence and look at the numbers. Just because your area may have a good Menards compared to a Lowes store does not reflect the overall big picture and status of either company. Every company makes poor decisions from time to time. For if your not making mistakes then your not trying....Look at the overall valuation and company well being, look at their standing on Wall Street. If you truly are what you say you are out to do....and thats make money, and invest long term , this is a no brainer. Best of luck.
your point is well taken. How ever, I am of the opinion that HD is a better run company than LOW, based on my brief reading. I am no expert at this of course.. What I find interesting is that Home depot has customers but not Lowes. Almost always, when I went to Lowes, it is empty.. thats what makes me wonder about this company, which is hitting historical highs.