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Lowe's Companies, Inc. Message Board

  • stockbuffet1 stockbuffet1 Feb 14, 2013 12:47 PM Flag

    local store has very few cars..

    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.

    Sentiment: Strong Sell

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    • Internet sales are strong, large window, cabinet, doors and other remodel sales being done at customers home where they are most comfortable. It not as it appears if your judging by the parking lot.

    • Lowe's has a long history of picking poor locations for their stores. There have been many theories as to why but no one seems to know why - even those "in the know".

    • 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.

    • 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.

64.87+1.47(+2.32%)Feb 12 4:03 PMEST