Lowes doing "offering" basically using new borrowed funds to pay already previous notes/loans debt they owe on soon to be late...???
Not a good sign in deed...
Really? Are you/ Lowes willing to risk lawsuits and total BK collapse of Lowes stores now after this?
They (CDC) and other Virus Doctors just announced all surfaces and time lengths this virus stays of from skin to hair to mailbox steel to paper of your envelopes !!!
Lowes will crumble and most of all, your sleezy greedy-asssed Ellison for all his wrongdoings he did to previous retailers he stole wealth from just to enrich himself...
I understand your concern, but the CDC doesn't think that there is much risk of animals, or really pets, are at high risk of transmitting the virus to humans. https://www.cdc.gov/coronavirus/2019-ncov/prepare/animals.html . However, it is a fair question as to allowing animals in the store. Unless you are going to Petsmart, Petco or some other animal store, there shouldn't be a need. Are supplies of contractor needed items, like masks, still in short supply? Given what I see in grocery stores, I would think so. I should think contracting work for home repairs may be slowing because of social distancing, and that would have an impact on sales and revenue here at Lowes as well as the competitors. Is that your experience?
They be broke! They be dumping the lazy and cutting the fat! Don't put them on your resume! I wouldn't hire you!
STOP letting pets in Lowes Stores !!
Here in Hickory, NC they think letting pets in stores sells more merchandise. It bring HIGH possibility of more Corona Virus spread as the virus is being transmitted by animals too! STOP this practice, as humans cannot walk in stores in their bare feet, yet allowing animals whose paws are filthy is acceptable???!!!
Corona virus doom. Could have bought a ton of them 2 days before the paranoia set in. It's happening everywhere. Notice the infections are all liberal dumps? This might be the end of everything.
Us contractors represent Hundreds of other people/customers in any regional town/area. Lowes, HD and the like do not realize this anymore. They only see numbers and bottom lines. Lowes & HD try to act like general Contractors and actually hurt the legal, legitimate licensed local contracting community and build false promises to foolish people who go to them for projects...
You screw with contracting community, you get little no no work being done now in America, and EVERYTHING will stop fast !
All these panicking fools DO NOT need a mask If they are not sick. Surgeon General will tell you that. But contractors, auto body people, and hosts of other Deplorables out there DO NEED THESE to perform our work, and they are NOT reusable and we thrown them out after any particular job they are used for. THEY (N95) are the best thing to use on daily basis for contractors, and no doctor's office is going to keep giving out free N95 masks to ANY of us. This is NOT over nor will be soon. We are just getting 1st expert numbers this week, and by this time next week, forecasts are for thousands infected in USA now...
This is part panic as I have coworkers desiring to buy N95 dust masks to protect themselves from the virus. The N95 masks will do a better job than the surgical masks you see people wear. Surgical masks don't offer much, if any, protection and aren't good as dust masks either. This does create more demand, and foot traffic for Lowes, Home Depot and other like stores. (The website says limited stock at my local Home Depot, and doesn't appear to be available at my local Lowes.) CVS, Target, and Walmart and other places are probably likewise out of stock. So, from a business standpoint for Lowes, this can have some benefits. From my research on the COVID-19 virus, the death rate appears to be lower than the flu, so the panic may wane soon. I don't have an answer to the actual needs for the mask, like for the contractors. That is going to be a problem for a little while.
The advice for the doctor's office seems like good advice, as wearing the masks as a contractor is a medical (occupational health) necessity. For the short run, that may be the best option for people in that position, as bad as that seems.
Deathstar, our company needs N95 dust masks from 3M which we buy at Lowes or Home Depot. Went yesterday and manager told me all 3M displays and products removed from stores, as all masks are to be sent to China right now. Now future new stock expected at this time. I was told as a contractor, to go to medical clinic or Drs office to be able to get a dust mask ! WTF is this??
I said to him, so are we contractors supposed to get Mesothelioma now breathing in dust particles doing our jobs???
Nobody mentioning that this fact, found true at Home Depot & Ace Hardware yesterday, will have major negative impact on whole US construction industry as we use those for insulation work, drywall sanding, remodeling jobs, other dust needs in course of our normal operations.... Now told they cannot be sold to construction industry personnel !!!???
I called wife right away, she went on eBay and found me couple boxes which we purchased so we will have them here, but this is all getting way out of hand... The Owner of the Ace Hardware in Hickory (Bethlehem), NC told me, right now he is told a limited quantity may be released to them to sell in late April sometime...
Lowes Corp here in Charlotte announced overhaul of how they pay employees and MANY angry and upset they will be seeing smaller paychecks now...
News: $LOW Better Buy: Scotts Miracle-Gro vs. Lowe's
Lowe's (NYSE: LOW) is one of the largest hardware stores in the United States. Scotts Miracle-Gro (NYSE: SMG) is one of the largest providers of lawn-care products and a key supplier to Lowe's. Scotts has gotten itself into the weed space, and that could be a catalyst for the future that...
Read the whole news LOW - Better Buy: Scotts Miracle-Gro vs. Lowe's
Lowes to merge with Home Depot will be the only long term way existing into future IMHO. No need for both any longer. Baby boomer wealth already redistributed fully last 25 years and now they are dieing off... Everything from these "home centers" to home/real estate in general will tank to the lowest wealth factor of younger adult generation we have had since 1920's in USA. Why you see so many multi-unit aoartments going up to capture this projection. More & more younger adults cannot buy a home, afford to, have pisspoor credit, nor have any mechanical aptitude to maintain one...
Lowes discriminatory and firing folks after years who do not like the aggressive tactics of store new managers and question them- then that employee gets fired on spot.
Not right. In my area of Hickory, NC region, just had another female 10+ year contractor's end cashier who would tell me and others how she has had to stand by her beliefs and feelings against new store manager bullying tactics who made various advances or fits of rage towards her to do faster sales, etc and she would not be berated.. They just fired her and she was one of best people EVER to work in that store and knew contracting industry coming from it and cared about contractor business...
Ellison you big POS, I am a major JCP shareholder today, and what you did to those people you will rot in hell with your tactics! JCP finally has new real leadership, not some CEO who wants to drain $$$ out of the company for himself- YOU and Lowes will both go down...
I wonder how soon Ellison will either lower or stop the LOWES dividend to shareholders of record to save money (for himself)...???
Look at the trend lines instead of a date. Glty
We all know Lowe’s technology is 20 years behind so highly doubtful but I like your enthusiasm;)
LOW is on my list for end of year buying. Not right now, tho
Not surprised, very sad. I felt something was up as my son who is manager in Asheville, NC area, has had his fill of the corp politics today behind Lowes... He is quitting. I also know my contact guy in Hickory, NC Store is quitting this month as well for similar reasons taking early retirement...
Thanks for the info.
Home Depot And Lowe's Accused Of Scanning Millions Of Customers Faces
According to the Cook County Record, two recent class action lawsuits accuse Home Depot and Lowe's of secretly using facial recognition to identify customers as soon as they enter their stores.
On Sept. 4, 2019, a group of plaintiffs simultaneously filed virtually identical class action complaints in Cook County Circuit Court in Chicago against Lowe’s and in federal court in Atlanta against Home Depot, accusing the retailers of violating the Illinois state law by “surreptitiously” scanning customers’ faces as they moved about the chains’ stores.
According to the Lowe's lawsuit, home improvement stores are secretly using facial recognition to identify everyone.
“Lowe’s has augmented its in-store security cameras with software that tracks individuals’ movements throughout the store using a unique scan of face geometry. Put simply, Defendants surreptitiously attempt to collect the faceprint of every person who appears in front of one of their facial-recognition cameras.” (To find out more about Home Depot tracking customers, click here.)
It may go lower than that when the tariffs increase starts affecting sales.
I really don't think Marvin cares about anything except positioning himself and his friends to profit personally from whatever store/biz they are involved with. LOOK what he did to JC Penneys during his reigng, and jobs prior that elsewhere he had!
Why today's JCP new executive team has undergone massive changes to Ellison's dirty business as far as executive comp now and other matters while preserving shareholder investment... and are turning that store around for the long haul...
Marvin's best bud McFarlan spoke like he was an expert on the subject of Hispanics needing small drills lol. That comment will probably cost Lowe's more customers. It's as though they are trying to send more business to Home Depot. Lowe's has to many Home Depot people in charge of things. They are increasing long term debt knowing we have a possible recession coming soon. Maybe they will spend the rest of the 15 billion dollar loan to buy back stock this year, so Lowe's PPS can surpass Home Depot lol. Profits should be used for share buybacks and not debt with interest. It's sad to see.
Discrimination suits going to fly! Lowes going down- simple as that! Get out while you can.
As of this past Monday's managers store meeting via corp feed, Ellisons best buddy VP McFarlan made statement which has entire global social media in uproar. He made statement to all store managers that the new DeWalt subcompact drill was going to make Lowes tons of money and to push its sales on them, because it has a very small grip, and would be well suited for the Hispanic population out there "because Hispanics have small hands..." Can you believe this !!!
All mentioned during Monday's live stream video conference from Lowes Corp in Charlotte, NC to all stores nationwide...
News: $LOW Lowe's Companies Inc (LOW) Q2 2019 Earnings Call Transcript
Image source: The Motley Fool. Lowe's Companies Inc (NYSE: LOW) Q2 2019 Earnings Call Aug 21, 2019 , 9:00 a.m. ET Operator Continue reading
Got this from Lowe's Companies Inc (LOW) Q2 2019 Earnings Call Transcript
News: $LOW Retail Surge Powers Near 300-Pt. Surge by Dow
Stocks rose on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment. The Dow Jones Industrial Average screamed higher 298.08 points to 26,260.52, The S&P 500 recovered 26.82 points to 2,927.33 The NASDAQ climbed 81.83 point, o...
Read the whole news Retail Surge Powers Near 300-Pt. Surge by Dow
News: $LOW Dow to Hike on Solid Retail Results
U.S. stock index futures moved higher on Wednesday as strong quarterly results from retailers such as Target and Lowe's lifted investor sentiment. Futures for the Dow Jones Industrials rocketed 161 points, or 0.6%, to 26,092. Futures for the S&P 500 were raised 20 points, or 0.7%,...
In case you are interested Dow to Hike on Solid Retail Results
News: $LOW Lowe's Reports Second Quarter Sales And Earnings Results
MOORESVILLE, N.C. , Aug. 21, 2019 /PRNewswire/ -- Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $1.7 billion and diluted earnings per share of $2.14 for the quarter ended Aug. 2, 2019 , compared to net earnings of $1.5 billion and diluted earnings per share...
Find out more Lowe's Reports Second Quarter Sales And Earnings Results
It great for a swing trade I-Man.
I just sold the rest of my shares. I'll reload if or when it dips again.
CNBC pumping LOW this morning along wiht TGT.
I hate Lowes. I hate Ellison even more as what he did to JCP and others prior coming to Lowes. But you all will learn in time...
All I can say, is perhaps in certain areas of the USA Lowes is run well, all i know as a contracting business owner, is Lowes in Hickory, NC area is the worst (both stores), and the Viewmont branch is losing the best people they could have (who have some industry knowledge) and they are quitting out of frustration, while Lowes hires very young stupid replacements that don't know how to deal with customers nor what a simple tool or process is about... And in September, they will be losing even more older knowledgeable persons I know out of frustration as they can no longer deal with management (or mentality of these young 18-20 yr olds) and changes and being dickked around in hours constantly, etc...
I'm only holding half my position here. I loaded up on BGG instead.
So sorry I’m just saying I purchased some shares. Don’t trade futures my man. You will get even more upset. Lowe’s is heading Home Depot course of action and more changes to the company will come. Meaning it will get darker before we see light. That’s why I’m not invested and just using charts to make $. Glta
This is laughable. Everything is down. Anyone with low targets is hitting. Everyone is evaluating day by day. We can all make up a lot of low targets. My $87 target may hit. You no more predicted this than I predict the sun will go down at some point today. Thanks for your insight to the board. How about some constructive business analysis? That would actually be helpful.
With the macroeconomic problems I’m thinking this may go lower then I anticipated. Will evaluate day by day.
It has worked well here. We're getting very close to your first target.
Ellison will be your demise as I posted months ago.
Lowes in Hickory, NC area ridiculous, and we no longer even purchase cabinetry for our business through them as they can never get order right, waste our time with requested feedback, and simply do not care about local construction industry contractors who need various countertops, cabinetry, etc for our customer remodeling projects we undertake. We found more reliable wholesaler suppliers now to work with..
$70 is the absolute floor if we enter another recession soon IMO. I've been holding a position in Lowe's since 2010. I always sell half on spikes and reload on dips. My position continues to grow. The dividend has also been increasing. Holding a position here has paid off very well. Marvin is making a lot of changes for Lowe's. Some good and some bad IMO. Hopefully the good outweighs the bad. We shall see soon enough. Marvin has been increasing his position and Lowe's has funds set aside for share buybacks. At least they are focusing on technology and growing our online presence. I would also like to see them put taking care of the customers in the stores as top priority again. Home Depot is beating them on this front. Business relies on word of mouth. If Lowe's customers don't get enough help in the stores they will spend their money at HD or with other competitors. Shareholders will oust Marvin if he doesn't perform for us.