Lowes Companies Inc (LOW)

[Valuetrader]

$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.