Replies to post #377 on Lowes Companies Inc (LOW)

[I-Man]

Hey, yesterday I spoke with another manager at a Lowes our business frequents (Hickory, NC area) for small items as it is on main route we drive, and she told us Black Friday stuff did not sell as planned and they are deep discounting all of it to get out of stores right now. I saw Botsch and other power tools back on shelves even as they did not sell at discounts either...

I in fact purchased Industrial Dining set (2 adj stools and pivot table) which were priced at $250.00 each, and they gave them to me for $47.00 each !! I bought the last ones they had to give a gifts to people i know who can use them and have little these days... Manager said their buy-in price was like 120.00 each, and they were taking the loss on them like other things...

[I-Man]

Looking like sheer movements going toward making new 52 week low...??? Guess will see.

Low in Hickory, NC area tells me their Black Friday sales didn't do as expected... Deep discounting that stuff to move out and bring in Spring stuff already...

[I-Man]

Look, Lowes is a NC based operation. Like BAC, WFB, DUK, Dollar General, BOjangles, etc etc and here in NC today, it is a very liberal socialist run place in general. Especially Charlotte, NC whereas all top positions now from Mayor to Police to County Commissioners, etc are held by black folks and Marvin is just another play into this "black power popularity" thing for the "depressed black people" which we hear here daily in Charlotte region; and he is 1st black CEO for Lowes now and part of a fad going on here and yet there is so much waste of monies and costs at every level of all these entities in NC right now... They simply CANNOT manage funds and cry they need more daily. Just like Mecklenberg School District does on NEws 9 or News 3 daily here...