Lowes Companies Inc (LOW)

[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.

[I-Man]

BS! Look at Target. Look at JC Penney. He is self-serving crook of a CEO !!!

[I-Man]

I do not believe such story. Their CFO retires, stock goes up .95 today? And they get a new CEO from JCP where he ruined shareholders there, and at Target and at Home Depot in prior times... ???

And you talk of new housing slowdown too, interesting. I have been saying since 2008 collapse, new finance rules since then limit even more persons from ever owning a home or building. And millions of younger folks do not earn enough in their jobs today to qualify for most conventional loans of any sort. Charlotte real estate (and crime too) has gotten so bad now, rents are unobtainable to most and housing prices start so high, more ending up on streets (homeless)... THEN this morning, here in NC, we get news the entire NC banking industry is lobbying Regulators to allow a triple increase of ALL loan/line origination fees and this will be devastating to everyone here for financing alone !!

[Volle Kraft]

Lowe's will survive new housing slow down.

https://www.bloomberg.com/news/articles/2018-06-05/homebuilder-woes-are-more-good-news-for-home-depot-and-lowe-s

[Volle Kraft]

What do you know about Marshall Croom?

https://www.cnbc.com/2018/06/04/lowes-cfo-marshall-croom-to-retire-later-this-year.html

[I-Man]

Yes Volle, the same exact explanation JCP, HD and others gave too- yet you see what happened to their stock the day prior Ellison announced he was leaving JCP immediately for LOW...

[I-Man]

Yes, a BIG manipulated lie to the gullible retail public investor...

[I-Man]

I know what Mr. Ellison did to many, including my own family members who worked at target and elsewhere in management... I also am a JCP shareholder too and remember Ellison's lies to us shareholders just 2 frigging weeks ago!!!

And yes I read the entire SEC/PR reports/filings always as you question- but DOWN she goes from here to initially $86.00 level and then beyond.

ONLY way for this or Home Depot to exist going forward is to merge as "1"; as I posted before, their entire national expansion they did thru 90's was all because of daily hyping on cnbc and elsewhere how "wealthy" the baby boomers were from previous generations and 1st wave retirees. All of that is now history. Nobody going forward will EVER enjoy the amount of middle class wealth we once had in this nation as the 1st wave baby boomers born 1945 or so... President Trump is trying to lay ground work to get back to that in the future, but it won't be seen in my lifetime... I am latter of the same boomer generation, an expert in Construction Industry, work with many National supplier sources, and I tell you, Lowes is sh!!t today for anything relative or quality to my industry...

[idccwin]

Anyone know why the big drop today?

[Volle Kraft]

Article shows what lowe's needs to work on.

https://www.fool.com/investing/2018/05/30/could-lowes-companies-inc-be-a-millionaire-maker-s.aspx

[Volle Kraft]

Lowe's explanations for previous quarter.

https://www.fool.com/investing/2018/05/31/what-lowes-wants-you-to-know-about-its-latest-resu.aspx

[Volle Kraft]

You really are really fixated on Mr. Ellison.

[Volle Kraft]

That article had a lot more to it than just who was the new CEO. Did you read the article?

[ZAP24]

Marvin is the man, I can see some dislike him, however those of you who don’t know him, watch him and form your own option. In my opinion, he’s amazing. He took a failing HD with Frank Blake and turned it around. When Frank Blake left HD, Marvin also left. He’s very good. Like I said- Form your own option.

[I-Man]

Mr. Ellison has served as Chairman of the Board of JC Penneys since 2016, Chief Executive Officer since 2015, and as a director of the Company and a director of JCP since 2014.

He previously served as President of the Company from 2014 to 2015.

Prior to joining the Company, he served as Executive Vice President - U.S. Stores of The Home Depot, Inc. (home improvement supplies retailer) from 2008 to 2014. His prior roles with The Home Depot, Inc. included President - Northern Division from 2006 to 2008, Senior Vice President - Logistics from 2005 to 2006, Vice President - Logistics from 2004 to 2005, and Vice President - Loss Prevention from 2002 to 2004.

Mr. Ellison began his career with Target Corporation (retailer) where he served in a variety of operational roles.

Mr. Ellison currently serves as a director of FedEx Corporation (courier delivery services), the Retail Industry Leaders Association and the National Retail Federation.

>>>>>>>>>>>

Marvin Ellison is self-serving and ruined shareholders everywhere he held positions previously... Watch out Lowes !

[Volle Kraft]

This article agrees with my thoughts for Lowe's and why I am long Lowe's.
I am by no means an expert but the points made in this article make sense to me.


https://www.fool.com/investing/2018/05/30/could-lowes-companies-inc-be-a-millionaire-maker-s.aspx

[I-Man]

UPDATE: Lowe's needs to show how it's different from Home Depot in order to grow
2:21 pm ET May 25, 2018 (MarketWatch)

By Tonya Garcia, MarketWatch

Analysts and Pershing Square's Bill Ackman are bullish about Lowe's new CEO, Marvin Ellison

Lowe's Cos. Inc. needs to do a better job of showing how it's different from Home Depot Inc. if it wants to move out of its competitor's shadow and grow, analysts say.

Lowe's (LOW) lags behind in the home repair space because it's an "impulse destination" rather than one used for planning home improvement projects like Home Depot, according to GlobalData Retail.

"That means that when demand drops because of the weather, Lowe's falls off the radar and suffers a disproportionate decline in footfall and sales," wrote Neil Saunders, managing director of GlobalData Retail.

Both Lowe's and Home Depot (HD) cited the wintry weather as a reason for lackluster results.


>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Long term as I stated before, there is no need for 2 big box retailers like this as fewer people are able to buy or repair a home today or even qualify for a mortgage, vs. to what was going on 25 years ago forward when 1st wave baby boomers were starting to retire, and had the last bastion of wealth generated as a whole due to when our country was a industrial/manufacturing powerhouse and 80% middle class... Today we have become a consumption and high credit society of low grade foreign retail supplied products at best... Home Depot & Lowes sell the same damn products made by the same people, just a little branding difference to seem separate, but not. Same with all lawn equipment and such.

[I-Man]

LOWES mssed earnings yet rallys 20.00 to close gap from Feb created when Erisa violations of employee retirement plans was announced... Quaitt isn't it (manipulation), closed that gap. Reality hits, stock will tank especially with Ellison coming on board after he raped JCP shareholders and lied to SEC just 2 weeks ago at their earnings... All these self-serving CEO's need to be reigned in and incarcerated under Financial Terrorism laws of the USA as I see it...

[I-Man]

Marvin Ellison is self-serving BS CEO who needs to be investigated by SEC!!

1. He damaged Target Shareholders when there.

2. Hurt Home Depot during his tenure.

3. Raped & pillaged JCP Shareholders.

4. Now gone onto Lowes and will do same.

[ZAP24]

Lowe’s scored big with Marvin, best thing that’s happened to Lowe’s in a very long time. Watch the price per share continue to rise!

[Volle Kraft]

When to buy in?

https://seekingalpha.com/article/4176864-lowes-another-disappointment-matter

[I-Man]

BS he is !!! Here is comment from another investment colleague to this:

An earnings numbers miss (LOW), a mediocre-at-best CEO exchange (Ellison), and the worst hedge fun manager on WS (Ackman) in your stock and it goes up 11%. Defies logic. Home Depot is about to smoke Lowe’s now that Marvin Ellison is coming aboard. Time to ruin Lowes just as he did J.C. Penney. Sorry for your loss. Could have done much better.

All he will be is the 1st black CEO of Lowes.

We just today contacted Kohler corproate "AGAIN" as the Hickory, NC (Viewmont) employees tell our customers they are stuck with bad Kohler products when received and nothing they can do about it. Lowes does not warranty anything they sell of theirs or other manufacturers... Really? Kohler corp not happy hearing this still again from our company and what our customers are telling us dealing to Lowes. They are crap, have bad customer service, uneducated employees on part time basis who know nothing of products they sell or its installation !! AND here in NC they act like a mega General Contractor and are not licensed and it undercuts all legitimate legal licensed contractors out there- Kinda like a Wal-Mart effect in construction industry.

[Volle Kraft]

New Lowe's CEO is a better fit.

https://money.usnews.com/investing/stock-market-news/articles/2018-05-22/lowes-companies-inc-low-stock

[I-Man]

Lowe's Reports 3% Net Sales Increase; Comparable Sales Fall Short of Expectations -- Earnings Review

6:27 am ET May 23, 2018 (Dow Jones)


Your new CEO "Ellison from JCP" just said the same exact thing at last weeks Shareholder conference for JCP: Coincidence??

"Comparable sales increased only 0.6% in the April-Q, in line with our estimates but well below consensus forecasts. Unfavorable weather conditions arising from an unusually long winter led to sales weakness in the quarter (similar to Home Depot's sales performance for the comparable period)"

[I-Man]

SEC Investigators read this regarding LOWES and Ellison deal..



SEC Investigators read this::

Like I said, Investigation NEEDS done right now into all of this, as Ellison at last week's earnings conference made no clue to shareholders he was "inside dealing" with Lowes to orchestrate what is going on now. I posted weeks ago as a licensed contracting business owner in NC too (and whose family shops tons at JCP regularly), that all of sudden over a weekends' time, Lowes were completely outfitted literally like JCP stores already had been- and even department managers had no idea and were told nothing. Ellison talks good in conf call last week regarding JCP, then 2 days ago says he is leaving for Lowes !!!?? Lowes stock goes up double digits??!! What to close their February trade gap down created when it was published Lowes violated Erisa laws in its 401k plans to employees and was being investigated then???

In fact, Saturday I was in Hickory, NC Lowes, talked to manager who knows me well, as all their former appliances from displays were 50-60% off as he was told to put them by corporate, as inside the new low-profile "Penneys like" displays, they had the new shipped appliances and limited display spaces, so we bought a new top line DW for $650.00 less that its normal price of $1,000.00 seeing this... I paid $350.00 total.

This is a red flag if ever there was one in realms of corporate white collar crime and "conflict of interest" to Shareholders. These self-serving CEO's have got to be reigned in once and for all as they lie, cheat, steal from Shareholders time and again...

[I-Man]

Nibock done, but you get an equally bad CEO from JC Penneys now??? This is BS rally short term ...

[I-Man]

Closing the late February trade gap created on this is all.. My point still stands... Watch out below if you are a shareholder with new CEO coming in who screwed JCP shareholders for his own self-serving interests. Same caliber as Eddie Lampert, the hedge fund owner, who is CEO of Sears...

[I-Man]

Hey you shortsellers, time to short the hell out of Lowes!!! Your new CEO fked up JCP badly internally with his self dealing- kinda like what Lampert did to SHLD as a hedge fund owner, now Lowes has this idiot there to be CEO!!??

[I-Man]

JC Penney CEO Marvin Ellison Leaving Co. To Take CEO Role Lowe's
8:37 am ET May 22, 2018


Good luck Lowes!!! Shareholders get out of what you own.

As I have posted both as Investor of 30 years and a business owner, Lowes here in NC is desperate for sales, and I believe has been conspiring sometime as their new appliance center areas are exactly similar to what JC Penneys already rolled out long ago in its reorganization of departments. Was Ellison behind that all alone?? Maybe a formal investigation needs to occur at Lowes and with their new CEO Ellison here, as it is too queer what I have witnessed going on a long time with Lowes here and now this happens yesterday seeing JCP shares tank to new 52 week low??!!

[Volle Kraft]

Are you talking about Batchelder?

https://www.thestreet.com/investing/stocks/lowe-s-targets-home-depot-with-new-ceo-pick-14597985

[Nivea67515]

Great entry point here. Just bought back in after a poor performance last time I tried to buy in earlier this year . Hopefully this time goes better which I think it will.

[RECYCLEMAN]

Anyone know the name of the activist investor on
low's board, giving them heet.

[I-Man]

Investigation Relating to 401(k) Plan of Lowe's Companies, Inc. (NYSE:LOW) Announced by Stull, Stull & Brody

11:42 pm ET May 11, 2018 (Globe Newswire)

Stull, Stull & Brody today announced that an ERISA action has been filed and that it has commenced an investigation relating to the 401(k) defined contribution plans of Lowe's Companies, Inc. (NYSE:LOW) ("Lowe's" or the "Company"). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of Lowe's 401(k) plans violated the Employee Retirement Income Security Act of 1974 ("ERISA") by offering the Hewitt Growth Fund as an investment option in the Lowe's 401(k) Plan.

If you had an individual account under any of the Company's 401(k) plans during the last several years and have questions about your legal rights or interests with respect to these matters, please contact Michael J. Klein, Esq. at Stull, Stull & Brody by e-mail at [e-mail], by calling 1-212-687-7230, x147, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.

You may retain Stull, Stull & Brody, or other counsel of your choice, to represent you. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Beverly Hills.

[buyittradeit]

They say they are looking at ways to make them in the U.S. again. Or at least assemble them here. We shall see. Is JC giving them sells commission like LOW used too? I wouldn't say all of them are not knowledgeable but many have lost that intensive.

[Volle Kraft]

My best gauge for Craftsman was the strength in their open end wrenches.
I had some jobs where you had to use an open wrench at very high torque loads. I would buy a Snap-on open end wrench for high torque applications because a Craftsman wrench would spread at really high torque loads and you took the chance of damaging the hex.

My tool boxes are full of a combination of different tools from different companies for different reasons. Craftsman always worked well for me at a good price for normal jobs, but then I haven't bought any new tools for working with hardware for a few years ie.. wrenches or sockets. I have worn out and broken tools form several manufactures.

Sounds like there should be good deals on appliances coming.

[Volle Kraft]

I hear you I-Man, though I have always liked a good 3/4 ton truck.

Just the thought of a $12,000 rebate shows how absurd the price is.

[Volle Kraft]

I like your post I-Man, My wife and I will celebrate being married 41 years this coming July. We have one son and one daughter. After my daughter was born my wife said that one of each is enough.

My son is married with no kids and my daughter is divorced and has our only grand child / son. Fortunately they both don,t hesitate to come to us for advice.

We didn't just give them things when they were growing up but their
Grand parents did. We even told our parents that they needed to back off on the gifts. I would even purge their toy collections and donate them to Good Will. We never worried about what other parents were giving their kids so long as they were properly cared for.

We have always lived well within our means and never worried about keeping up with the Jones's, But we bought good quality items not to impress anyone but just to avoid unreliable frustrating junk. My wife would want to buy new vehicles which we did, but then we would keep them for at least 10 years and properly maintained.

I will have to admit that we have bailed out our adult kids financially a few times and I don't care too much if they never pay us back. We're not draining our retirement to help them.

Our parents never could do that for us and we never asked them to, we were on our own. We even ended up having to help our parents which we were glad to do.

[I-Man]

Yes it is indeed...

[Volle Kraft]

I was into aviation products as it related to my work as a mechanic. I really hadn't been that involved in stocks until I retired. I was unaware of how AIRIs has been performing, pretty interesting.

[I-Man]

Crafstman today is Chinese junk!

Also, JC Penneys (JCP) now giving Lowes & HD run for its appliance & installation business as JCP's revamp over past several years has seen major increase in that arena now, plus knowledgeable employees hired over HD or LOW...

[I-Man]

GM trucks Volle for sure. I own one 15 years now. Going strong. Just want a new one, but not at $70,000.00 !!!

But they changed them to where if you buy only 1/2 ton models today, you get car transmission. If you buy 3/4 ton you get the real heavy duty Allison transmission like my old one. But steel stocks (AKS) for one who supplies autos, is at 52 week lows and they are having troubles?? So is it a union/EPA costs impact why prices so damn high on them now?? And dealers told me the $12,000.00 rebate offer varies, as if I finance 100% with no money down, they will apply the $12K advertised on TV- But because I want to put 20% cash minimum down, they say I will not qualify for such high rebate... See what's going on here? They want to entrap folks at long terms and interest and I see another bubble being created in US auto financing going on...

[I-Man]

Well Volle, I am a boomer of course, but I have 4 sons by 2 wives last 35 years or so. I never gave into my sons, taught them what I know is real life and real world, and all are working hard and 2 married with grandson even. Funny, they are so involved in Facebook and social media, yet when it goes rough in life for them, they reach out and ask my advice then and only then, as they seem embarassed to do so knowing what reality is, is what I told them it would be, so they do not ask much from me/us we find.. They find it hard to accept "Dad you were right" when they are embellished daily with current social crap and others they work around with weird mentalities of a non-reality out there and see us going strong and having things we worked hard for, not whining or wanting others to foot our costs or bill to get what we have.

I see far too many boomers who thought they had to give their kids anything in highschool (to be like other parents, etc) and onward into adulthood as a measure of "parenting", when all they were doing is being "bad parents" doing so and creating a cycle of entitlement. YOU teach them to survive and have morals and integrity in what they do, a handup in knowledge or occasional financial support they pay back; but NEVER a handout and constant free-helping financially which I see today in many of my customers who are draining their retirements to support baby boomer & generation X grown adult kids still !!

[I-Man]

Volle you are in aviation industry products? Then you must know Air Industries (AIRI) on NYSE where it trades, and a rags to riches story about to unfold there with over $100million backlog alone in signed Federal Govt contracts for such parts they have...???

[Volle Kraft]

The most popular vehicle sold in America is the Ford F-150. I believe that Ford and GM are planning to stop producing cars and only build trucks and SUV's some time in the future.

The cost of trucks and SUV's have gone up much more dramatically than cars
especially 4 door sedans.

Truck prices are crazy!

[Volle Kraft]

My point as far as mortgage rates are concerned is that 4.42 percent is sill an extremely low rate. I think everyone knows that there won't be any 1970's rates.

As for Millennial's not going into skilled trades, I put a portion of the blame on high school guidance counselors. I taught Aviation Maintenance at a local community college for 11 years. I was directed to promote the program by talking about the program to the local high school guidance counselors. Their reaction seemed to imply that they wanted better for their students. I think that they were just thinking about what they would want to do for a living as opposed to what each individual student would want.

I also believe that us Baby Boomers have to shoulder a portion of the credit for any negative or positive trait that we don't or do like in Gen X or the Millennial's.

I think that getting good interest rates for checking, savings and CD's is heavily influenced by what banks make from mortgage rates or any other loans, so I wouldn't expect any significant increases for a long time.

As far as what is really going on in the housing market the only thing I have to go on is what people like you tell me and what I read.

[Volle Kraft]

Every thing you said in your post is true as far as I know from my perspective.

Lowe's has gone down hill quite a bit over the past few years. Most companies that have been around for any length of time have had their good and bad periods which last for several years at a time. I mainly know this from my first hand experience from dealing with several different parts rebuilders and manufactures for 38 years in the aviation industry.

I agree that Lowe's is at a low point, but I believe that it will improve and continue to do so for several years. Hopefully it will be able to begin to improve its relationship with you and your fellow contractors and improve the quality of the products they sell. Hopefully they will be able to attract employees who they then pay well enough to enable them to make a good living working for Lowe's. Hopefully they attract employees interested and knowledgeable in the products they sell and wanting to help their customers.

Maybe in about 5 to ten years Lowe's will be closer to it's original vision and then maybe in another ten to 15 years it will be time for another reboot.


I like J.C. Penneys but it isn't doing so well in my area.

[I-Man]

No 1970's mortgage rates coming. Problem (as I am a construction Industry Expert), is lack of work ethic in younger males the last 1-2 generations not coming into Skilled Trades for one thing. Average age here in NC for licensed Electrician is 55 years of age !!

Coupled with a new age millenial attitude to want everything "now", most younger persons do not earn living wages as we did in 1970's as a whole because the USD no longer has any buying power as it did then and it takes a hellof a lot of dollars today to equal what it did in 70's.. We had living wage industrial/manufacturing jobs back then which most persons worked, 80% of America was blue collar middle class, got company paid benefits and even a pension given when you retire- NONE of that exists today in the USA !!!

There is little wealth of the former middle class left, and there is no shortage of homes anywhere. What it is, is the prices have become too overvalued for what you buy today, cheaper materials used, and very few younger persons working today even qualify for any type of mortgage, and most do not even save anything either... Jobs like Lowes and elsewhere only give 20-30 hours per week; not even full time hours.

We have massive inflation and the Fed refuses to see it. A roll of 12-2 Romex costing almost $100.00 now ! Just look at your damn GMC's/Chevy/Ford pickups now demanding $60,000.00- $70,000.00 for new pickup !!!??/ WTF!!! That is ridiculous. My first home with small acreage was only $56,000.00 in PA in early 80's... But back in 80's and prior all banks guaranteed you 6% compounding interest on your checking or savings with them, gave you some appliance to even open account with them,and my CD's I bought in 1980 earned 12.5% interest !!!

Banks do NOTHING for the consumer public today and all their wasted advertising of great rates on CD's and other are pure BS if you believe them...

[I-Man]

Lowes is past history and ruined its contractor friendly relations long ago... I am in NC, and near the Lowes original family store, and as a licensed contracting firm, can tell you, we hardly buy their crap today as that is what it has become. "CRAP". Insiders I know in the stores say overnight they will change a display even as they always buy from cheapest source, so even past regular/familiar names become obsolete.

JC Penneys has already been doing great things with their appliance departments and even contractor installations there too, nicer displays and mature competent Salespeople, which Lowes, sadly, does not employ. They get the cheapest youngest persons mostly (call them sales experts) like the cheapest product to sell... I see Hickory, NC Lowes trying to reset new appliance displays to keep up with local JC Penneys but it is too little too late, costing the corp lost $$$ and shareholders alike, while the Executive BOD's still enrich themselves... NO, Lowes has becomes what Wal-Mart has and lost the original vision of its Founder(s) long ago...

[racer115]

I bought more on the open. Still think we are mid 70's

[Volle Kraft]

Mortgage rates going back to 1971.

http://www.freddiemac.com/pmms/pmms30.html