Lowes Companies Inc (LOW)

[I-Man]

Lowjack, not just that. But I am a contracting business owner and for years Lowes and even HD have become worse, at least in my region of NC.

I am probably the largest annual purchaser of Lowes products at the Viewmont NC branch, and folks know of me, and I can tell you, the few older knowledgeable folks are so damn upset at all of sudden firing of older managers (no pre-announcement of it). Then new younger managers coming in to regional stores here, and no knowledge of construction industry or standards whatsoever. peoples' minds are "it's just a paycheck" mirrors the total negative and unhappiness we see here daily when we go in to buy something for business.

[Lowjack]

They didn't budget for returns!

https://finance.yahoo.com/news/lowe-apos-announces-store-closures-165800518.html

[ZAP24]

Now why would I want to do that? Im not much for bandwagons, Marvin is a great leader. No doubt great things are in Lowe’s future. How long have you been following Big box home improvement stores?

[racer115]

I hope you sold!!! :)

[ZAP24]

Up over $6 so far today. Good job Marvin and crew!! $106.00. Nice

[racer115]

Classic “W” formation, however it’s upside down. This is coming down soon. Get ready peeps!!!

[I-Man]

Hey Ellison, August 27th, 2018, US District Court, Eastern District of Texas. Were you CEO at JCP 5 years ago??? If so, you better read what we shareholders just received today in mail from the Courts regarding that period and the lawsuit filed then against "self enrichment" actions by certain JCP Board members which you were part of...

[I-Man]

BS, Ellison blew it when he screwed JCP shareholders and lied and ran to Lowes. Board is running things OK without him, earnings will beat next week, and we will get a very respectable CEO who cares about shareholders too...

J.C. Penney Co. Inc. (JCP) said Thursday that it is expanding its baby selection and adding baby shops to 500 stores starting August 30. The shops will be located next to baby apparel, and include new categories for its private label brand, Okie Dokie. J.C. Penney has historically sold items like cribs and car seats, and carried major baby brands. The new shops will launch in time for the annual baby sale.

-Tonya Garcia; 415-439-6400; [e-mail]

(END) Dow Jones Newswires

[AntiOne]

Lowe’s is going to start its move up soon...Ellison is building an army of talent.

[racer115]

50dma will now become resistance. 200dma is $$$$

[racer115]

+1 lmao

[I-Man]

Chart looks like an old man's pekker... LOL

[racer115]

200dma is like a magnet. See you peeps there!

[I-Man]

Wrote letter to White House even as a long time US small business owner, seeing too many years of these self-serving CEO's who rape the companies, sharehodldrs and employees time and again like Ellison did at JCP and HD prior, et.al. and what we see right now with the Toys R Us debacle too...

The USA is changing, and so, there needs to be a total change to corporate executives and their raping compensation packages alike ! Millions of folks, regular or business owners like myself feel this way and are tired of people burying their heads in the sand saying "we can't do anything about it"... BS! Time has come and this Ellsion screwing JCP to move to LOW to repeat his past actions on new blood (as others have) is the last straw for me !

And NO- I never shorted any stock in my life. I DO NOT believe in doing so. I have when I was a futures trader years ago but that is a different supply & demand beast.

[ZAP24]

Will do!

[I-Man]

KeyBanc Raises Lowe's Price Target, Likes Ellison's Leadership Style


OK, Really. Then go reach out to ANYONE who works for or has invested in JC Penneys and see what Ellison did to them.

[ZAP24]

I-Man
I know your not a fan of corporate leadership but their pay structure isn’t something you and I can fix. I don’t agree with it either, as I feel they are paid way to much. Joe McFarland is another winner imo, he has an amazing track record with Home Depot ( over 25 years ). If I were CEO of one of the largest Home improvement stores, I think I would want someone like joe. He brings a lot to the table. Let’s just say I know how joe works- and he does get results! When he was the Western Division President for Home Depot he literally drove the west costs numbers. IMO- it’s just another smart move by Marvin. Sorry man, I know you hate the upper leadership, but I think it’s a great move.

[I-Man]

I will tell you right now regarding that article, JC Penneys appliances far better priced than Lowes (same damn brands) and a far better caliber of salesperon to deal with there too. Don't take my word for it. YOU all go into a Penneys today and see their amazing turnaround the last several years in all departments...

[I-Man]

Now Marvin brought his close henchman McFarland over from JCP... YOU shareholders will see what will happen to Lowes now with this mixture... Just look back at their former tracks with other retailers...

The entire industry as a whole needs to reign in this self-serving Corp CEO's et.al we have today and excessive greed everywhere. They are bleeding the US corps dry and Shareholders and Employees get screwed time & again- Look at recent ToysRus debacle and how their BOD/CEO lied to employees about severance packages in a letter- some working 30 years for TRU even !!!

[ZAP24]

I found it. Here you go.

https://www.prnewswire.com/news-releases/lowes-realigns-leadership-structure-to-drive-operational-excellence-300678020.html

This probably isn’t sitting well with he store leadership teams. I will agree with you there I-Man.

[ZAP24]

Nice. Thank you. I’m really interested in CBD as well. It a huge game changer in relief to opiate use. Big money to be made in Hemp and CBD. Thanks ??.

[I-Man]

I know different board, but if you all like marijuana type stocks, check out REFG after yesterday's releases and what they are about RE: banking industry payment system , etc.. for sales of that

[ZAP24]

Ok cool. Thank you. I’ll try and look for it. That’s very interesting, thanks for the input.

[I-Man]

WSOC-TV channel 9 Charlotte, NC this am stated Lowes Corp in Mooresville to eliminate COO position entirely and other high level jobs in a reorganization..

[ZAP24]

I do agree with you CEO’s make way too much money, but that’s nothing you and I can change. The CEO before Marvin made a boat load of money as well. Can you attach that “memo”? I would like to read it, when a major company does a restructure like this - Removal of the COO- tigger big boxes tend to follow suit ie.. “HOME DEPOT”. That’s a bold move! Can you please attach the memo?

Thank you

[I-Man]

Many of today's CEO's practice corporate espionage of shareholders' investments basically- and Marvin right now (announced out of Charlotte this am), are going to eliminate COO and other positions altogether from Lowes corporate structure today...

Also, I do despise these self-serving CEO's who do NOT deserve to rape/make so damn much compensation verses what the employees actually are paid either. It all has to change.

[ZAP24]

Quick question, Do you dislike Marvin in general or do you dislike all CEO’s?
Kinda sounds like you have a personal beef with Marvin, because all CEO’s typically get paid $$$$.

[I-Man]

Marvin Ellison July 5th SEC filing show he is now enriching himself again, like he did at JC Penneys... And elsewhere previously... YOU stockholders will feel the brunt as his tricky ways will bleed the company further while his offshore bank accounts increase !!

Kind of think of it as a modern way a spited black man feels (in his demented mind) he should get financial reparations for past slavery in America back in 1800's through stealing from powerful white men... Not racist thought at all, but how his and other persons' minds think today...

[ZAP24]

Look for good gains in the weeks to come, IMO. With Marvin at the helm, good things to come. Lowe’s will be in triple digit land soon.

[I-Man]

Yes buyit, they keep recycling young non-knowledgeable types with no mechanical aptitude, have rah-rah-rah meetings like some MLM scheme, and customers cannot deal with them...

I WILL SAY THIS THOUGH: In the current state of our unhealthier population in general, Lowes allowing animals (dogs) to walk in their stores (not ADA types either) is/will bring massive problem with bacterial and viral illnsses as already here in Charlotte/Hickory, NC region, HUGE increase of Shigella alone- That is people using bathrooms NOT washing their hands with feces residue on them and infecting many in public!!! No lie! And Lowes allowing dogs to roam around when it is illegal for human shoppers to enter a building without shoes or shirt???

[Lowjack]

Store Manager has been there at least 4 years! Problems at the top!

[buyittradeit]

They need to retain experienced employees but have a big turn over rate. JMO

[buyittradeit]

Maybe, it's low beta but high float. Perhaps if the float were lower. Ellison restricted stock he can't sell (yet). Plus, we have a few top insiders that have left as well (COO and CFO) left on good terms but with very large stacks. We have new investors but I am not clear what their restriction actually is.

[I-Man]

May well open at $89.00-90.00 area where it was before this hyped Ellison story...

[I-Man]

$20.00 drop now from my last post and LowJack is 100% correct.

I have posted countless times being a contracting business owner in NC and even having Lowes Corp individuals as customers, etal, and even many losing their positions in Moorseville HQ over last couple years... Much of this news kept from mainstream media in fact, but constant here on daily local news...

As I said, Lowes Insiders/Vendors tell me Lowes will go to whomever gives them the lowest price regardless if it is a decent or crap built item JUST to make bottom lines look strong- in other words, FOOL the public and lie to them in creative adds just to make Corp Execs $Hundreds of Millions in salary/bonuses... if Ellison is/was so great, why did he screw up JCP then and run away to Lowes now???

ENOUGH of these fkng execs getting contracts guaranteeing them $hundreds of millions on departure without reasons! Just like current female CEO of Duke Energy (DUK), she cannot get ousted ahead of contract term unless she is paid an additional $41 million buyout!!! WTF going on today, as DUk itself is screwing NC residents here badly in ever-increasing rates and it has got to cease.

These high-paid greedy execs are like New Age financial terrorists on US corps and shareholders alike and THEY are/will bring down any US growth of industry all themselves, regardless what our President might want to see happen in US with busienss/industry!!! It needs reigned in...

[I-Man]

$20.00 drop now from my last post and LowJack is 100% correct.

I have posted countless times being a contracting business owner in NC and even having Lowes Corp individuals as customers, etal, and even many losing their positions in Moorseville HQ over last couple years... Much of this news kept from mainstream media in fact, but constant here on daily local news...

As I said, Lowes Insiders/Vendors tell me Lowes will go to whomever gives them the lowest price regardless if it is a decent or crap built item JUST to make bottom lines look strong- in other words, FOOL the public and lie to them in creative adds just to make Corp Execs $Hundreds of Millions in salary/bonuses... if Ellison is/was so great, why did he screw up JCP then and run away to Lowes now???

ENOUGH of these fkng execs getting contracts guaranteeing them $hundreds of millions on departure without reasons! Just like current female CEO of Duke Energy (DUK), she cannot get ousted ahead of contract term unless she is paid an additional $41 million buyout!!! WTF going on today, as DUk itself is screwing NC residents here badly in ever-increasing rates and it has got to cease.

These high-paid greedy execs are like New Age financial terrorists on US corps and shareholders alike and THEY are/will bring down any US growth of industry all themselves, regardless what our President might want to see happen in US with busienss/industry!!! It needs reigned in...

[Lowjack]

Terrible customer service! They don't stand behind their products!

[buyittradeit]

Good info, sorry for the late response.

[I-Man]

Same with Bank of Granite in Hickory metro region for over 100 years. Everyone lost all stock value when they adapted a new age banking policy and changed formula, and went BK, and long time local folks and others who trusted "The bank as strong as granite" as WSJ would call them, invested into its stock for their retirements to see all of it gone and wiped out. I have customers here (today family helping them) who were long time dedicated employees in banking for Bank of Granite, as they only have SS income and many lost their homes and properties they had trusting their bank they worked for...

Bank of Granite filed BK, then changed and remerged as Community One Bank, and in a few years, field BK again and reorganized as Capital Bank now in the region.. (Not to be confused with Capital One Bank)... Each time, wiping out shareholders and employees who trusted their employer...

[racer115]

Sold my shares, rsi is overbought. Looking for 88. Gotta love this game.

[Volle Kraft]

You are correct "paper valuation only" until those who retired and had to sell during the collapse. These people were devastated when their stock was worth only 25% or less of what it was worth just the year prior to.

Imagine if you had counted on selling stock out of you 401 during that period of time. A lot of retired people needed to sell stock during that time or at least had plans for the money. These people couldn't be certain of a recovery. I know because we had plans and our stock was worth less than 25% from the prior year, it took several years for my wife and I to even get back to where it was, but we were in a position where we were able to wait.

You know as well as I do that millions of people have been hurt by the collapse and the end result was not just a "paper valuation only".

[I-Man]

401Ks and the like are "paper valuation only", not until positions are sold/closed do you see a realized value...

But just like scandals of past with LOW (Chinese red mold incident on drywall imported), there is an ongoing investigation regarding LOW and its 401Ks right now and violation of Erisa Laws concerning same...

As one long time Manager I know says, "when it comes to Lowes, they will go to whomever they get the lowest price for any product irregardless of what is fair or right to the consumer"... "It is about our bottom line at any cost"...

[I-Man]

Volle, I can't begin to tell you how many long time Lowes employees even had their credit cards cancelled by Low corp because they told them they did not use them enough !! Now their credit reports get hit showing "Closed by vendor" dropping their scores and that is crooked !!

I as CONTRACTOR FIRM ONLY TAKE ADVANTAGE of THE EXTENDED NO INTEREST PROGRAMS BECAUSE I WILL MAKE LARGE COST PURCHASE IF I DO THERE, AND PAY IT OFF AHEAD OF TIME- BUT MOST PERSONS CANNOT NOR DO NOT DO THAT. THEY DON'T REALIZE HOW HIGH lOWES CREDIT RATES ARE (HIGHEST in STATE ALLOWS HERE IN NC WHICH IS 30%), AND IT GETS SO MANY CONSUMERS CAUGHT IN MAJOR CREDIT TRAP.. AND WHEN FED RAISES RATES AGAIN, IT WILL ONLY GET WORSE AND WORSE...

Lowes today, and here in NC alone, and along with Ellison at helm now, basically creates a huge legalized financial fraud on its citizens and account users here and how they show higher profits. It is not earned ethically or morally at all...

[Volle Kraft]

This article looks at where Lowe's has been and where it could be going?

https://seekingalpha.com/article/4180999-buy-lowes-stage-economic-cycle

[Volle Kraft]

This article backs up what you say about Lowe's credit card not being a good deal. Lowe's needs to do better than this.

http://www.comparecards.com/guide/reasons-you-should-think-twice-before-getting-a-lowes-card?source=adwords&campaign=804168613&grp=39839151977&content=209856814243&medium=search&kw=lowes%20credit%20card&kwid=kwd-298045957184&kmt=p&ext=&pla=&tar=&pos=1t1&acqs=prospecting&net=g&dev=c&geol=9016686&intl=&c3=&bdst=cpc&esourceid=6272126&gclid=EAIaIQobChMI3JnnysfP2wIVirXACh3geAYkEAAYASAAEgKlNfD_BwE

[I-Man]

FOMC increasing rates again plus NC banks want to raise all loan origination fees triple from where they are now... Lowes credit card and others will hurt people even more where they are around 29% right now, many Lowes (and other) consumers stuck in credit trap and tricky gimmick extended no-interest deals already- this will have devastating effects everywhere...

All I am going to say about this mess... The blind & greedy too dumb to see the forest through the trees again...

[Volle Kraft]

We already have your basic opinion and we all know how you feel about Marvin. How about expanding your range of topics to other issues which are just as pertinent. This conversation about Marvin is a dead end against a brick wall and serves no purpose.

[Volle Kraft]

Another thing that I wondered about was how devastating it must have been for those who had to retire right after the 2008 collapse.

Our 401Ks were less than 25% what they were before that happened. We'er good now but we had many years where we worried and uncertain about our future before things slowly recovered.

We were lucky.

[Volle Kraft]

I'm not clear about what you don't believe.

I didn't talk about any housing slow down, I just presented a link to an article on the matter. I just take in information from what I read and then try to figure out for myself whats going on.

I'm not some one who just accepts every thing I read or hear as accurate or true. I compare several different sources such as what you post.

This is your field of expertise that you live in day in and day out, so you have a first hand interest and knowledge of it. I don't have a personal opposing view point from yours.

My Wife and I are retired and she is unable to turn down any request from community organizations to volunteer and help. Sometimes I get drawn in to help, but I really just want to get to the point where we are our own priority.

That being said, I am interested in people and what could be done to help them own their own homes or in the very least not be home less.

At the very least I try to be an informed voter, so I try to stay up on these things, just encase a candidate actually states what they support.

-How do these new finance rules limit people from owning homes?

-Are there any Federal rules that cause these limits or is it just certain banks or just NC banks?

Wasn't the 2008 collapse due to lenders giving loans to people who really couldn't afford the level of house they were trying to buy.
I remember seeing those stories on the news and thinking "Man their house is a lot nicer than ours". So to me it wasn't just basic housing that these people were loosing. Then our tax money went towards helping these people to keep their houses. My wife and I have always lived within our means, I think that there were too many people who feel they deserve more than they can afford. Maybe that is part of the problem now?

[ZAP24]

I find it funny how you think Marvin is a company killer. It’s just the opposite, but you have your mind made up. The way you come across, is that Marvin must have done something personal to you or your family, but I highly doubt it!! When Marvin arrived at Home Depot the stock price was around $22- $24, when he left the stock price was around $91-$94. That’s pretty amazing to me!! As for Target, he left to go work for Home Depot ( No Brainer), however he was in asset protection at Target - so its not his fault that Target is poorly ran. The last thing - JCP- He went to work for a failing company, obviously it wasn’t save-able! Just go back and review from the time he got to JCP to the time he left, JCP IS DEAD!! It’s just barely hanging on. For everyone who reads these- Marvin is a asset, who will drive Lowe’s stock price up and grow the company. IMO
Stock is currently sitting at $100.22, watch it grow !!! Everyone don’t listen to us going back and forth, do your own research.