Cut Cut Cut.Take away take away take away. The projected share price for lowes stock January 2025 is 190 per share. D E shaw the activist investor group who got involved with lowes is the major force behind what is happening with Lowes. The only objective here is a 200 share price and they said it was from day one. If you have tenure it would be wise to have a resume prepared because they want you out Absolutely criminal whats going on here total disregard for people who busted their tails for this company to be where they are. We have totally ruthless people at the helm they wouldn't care if you had air to breathe. Zero encouragement zero positivity little or no recognition on any front. In a true sales culture you must have incentive you must have encouragement or the culture will fail. To just continue this ruthless cutting and then try to justify it saying its needed change will surely result in long term failure. The board may need to reassess who they put in charge maybe they need to cut. A true house of negativity is the current state and no reason for it.
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First, Marvin tried to be pc when he said "a company's strongest assets are its employees" but then contradicted himself and belied the statement. Then he said he didn't hire his friends but he did...Joe MacFarlane came from one of the places he worked; the Indian woman IT person came from Target and he has lots of people from Depot and Target so he is full of it. And what is the rationale for hiring the Taco Bell lady? I heard David Shaw owns $3 billion worth of Lowe's stock so he is all in and basically he is Marvin's boss and probably pulling his strings. Is the Target the badges we are forced to wear that screams how long we have worked at Lowe's? I am not proud of the time I spent.
Meanwhile HD is trading at $232.00 LOW $121. and some change. LOW will always be that wayward child. Cutting, combing and eliminating to the bottom core equal negative results. Corporate is Top Heavy with the most inept people.
I’m a former employee and current stockholder. I have to observations—Long-termers that do not squeeze into Marvin’s new mold of manager are being nudged out at a fast pace. Here in our area an area HR rep was sent in to fire a 15 yr+ store manager just recently. Secondly, lots and lots of ex-Depot district managers are being brought in to institute a new culture. JMO—Anyone 35 and up and/or that has over 10 yrs in with the company, you’ve got a target on your back.
All that being said, I’ll gladly take a $200.00 stock price right now.
It is absolutely disgusting what Turtleman, Small Hands and the Shaw of Greed have done to this company. Shame on them all.
I was pretty sure the people who put Marvin in as a puppet were really pulling the strings and after all the cutting is done, all the guilty parties will walk away with boatloads of money and the company will likely be done. But they think this is the way to go (even though customers are complaining and LTR scores are too low). At some point, Menard's will be the new #2.
Same at my store, managers and long term high salaried employees going weekly. They are out to get you out any way possible. This used to be a good company to work for but in the last year it’s become intolerable.
The hatchet men will get their money and then we will all be out
Shaw, Kobliner and Ackman are people you would not invite into your house as the silverware is likely to go missing. You cannot buy your way into heaven
Billionaires David Shaw and his wife, Beth Kobliner don't give a damn about you. All they care about is $$$. https://en.wikipedia.org/wiki/David_E._Shaw