Lowe's Companies, Inc. and its subsidiaries operate as a home improvement retailer in the United States and Canada. The company provides a range of products and services for home decoration, maintenance, repair, remodeling, and property maintenance. It offers home improvement products in various categories, such as appliances, lumber, flooring, paint, millwork, fashion plumbing, building materials, lighting, tools, lawn and landscape products, hardware, seasonal living, cabinets and countertops, home style and organization, rough plumbing, outdoor power equipment, nursery, rough electrical,...
seeing that the lowes stock followed the Pre-RE boom and filling the empty RE houses the over all building plies, but the bulk building materials will not have the profits like they once did. I am not talking sales of lawn care & suplYes you could buy in for the holiday season as purchases may bump up but have an outlook to decline to the pre-RE boom.
It might be good to get on this once they get close to the pre-RE boom, then if demand for new homes to be built goes up, but I don't think that demand will be as great as it once was.
Expect most home owners seeing an oil price break may feel comfortable in investing in there home improvements that are lean and over due or have been put off.
Walked into a Lowe's the other day, and was frightened by the sheer unattractiveness of the store to a consumer. I realized later that the store wasn't organized for consumers, but for contractors-- to find doors, shutters, fiberglass, tile, etc...
Newsflash for those in denial: anything related to housing is going to get utterly destroyed. This scenario will play out similar to the internet bubble collapse of 2000-2002. Yes, PurchasePro and Transmeta and WebVan will all go down 99%, but MSFT, CSCO, and INTC will also suffer massive stock drops close to, and more than, 75% of pe
Retailers are not reporting very strong results currently, just ask Lowe's (LOW). The company lowered guidance materially, and said that too many uncertainties exist to call the bottom. Also, Target (TGT) lowered its September same-store sales forecast. The combination pushed the retail index down to a -3.0% decline in early trading.
Homebuilder Lennar (LEN) also posted dismal results, posting a net loss vs. the consensus for a gain. The company has cut its work force by 35% and anticipates futher job losses. The homebuilder index is down -2.1% currently.
The poster child of poor capital management might just be Borders Group.
Borders, which runs one of our favorite book stores in the country (Union Square in San Francisco) and goes by the ticker BGP, is the now-beleaguered bookseller spun out of K-mart long ago in happier times.
Borders is also one of those companies that so desperately wanted to make Wall Street’s Finest happy—not to mention its own shareholders—that it spent all its cash, and more, to buy back stock.
The poster child of poor capital management might just be Borders Group.
Borders, which runs one of our favorite book stores in the country (Union Square in San Francisco) and goes by the ticker BGP, is the now-beleaguered bookseller spun out of K-mart long ago in happier times.
Borders is also one of those companies that so desperately wanted to make Wall Street’s Finest happy—not to mention its own shareholders—that it spent all its cash, and more, to buy back stock.
Except for the chosen ones -- CEOs and the like who have outrageous salary and benefit packages -- almost nobody has been able to escape the financial pain in the world today.
Portfolio results thru 8/8/08
- Portfolio at www.updown.com - started 1/11/08
9.8% return includes dividends and commission.
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About Lowe's Companies Inc.
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Except for the chosen ones -- CEOs and the like who have outrageous salary and benefit packages -- almost nobody has been able to escape the financial pain in the world today.
