Today the stock is down $4.31. Yesterday it was down $3.23. $7.50 in two days!
Those are the numbers with the perception that Lowe’s is well run and profitable. It’s going to be awful tomorrow when the truth is told.
Bye Marvin. See ya.
I predict a drop in excess of $10.00 on a posted loss in the range of $40 million.
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Still waiting for the "customer facing associates" for all the positions that were eliminated.
Weber didn’t have a bobble head; it was Marvin, small hands joe, and boltz - you know the guy who said the new pro parking scheme would stop contractors tools getting stolen.
I think Weber made the well paid remark for a couple of reasons; to give the perception that the company pays well and to stem the tide of those leaving Lowe’s.
I find that Lowe’s pays as little as possible but expects maximum work.
Lowe’s P/E ratio is 31. Depot’s is 23. Lowe’s is down 6% against a$123 share price. Depot is down 2% against a $246 per share price. Volume traded for depot was 8 million shares, for Lowe’s it was 6 million.
Both are in the same ENVIRONMENT!
HD had good news yesterday, Lowe’s will have bad today.
I stand by my prediction. Maybe you should run the company Marvin instead of taking time to disparage the cart getters and every one else who work at Lowe’s.
God Bless.
To be fair the market has dropped around 6% in 2 days so most stocks are in the red. I have a feeling they'll just blame "same store sales declines in Canada and RONA store closures" if the results are weaker. Which sure it's a drag but they need to provide concrete plans how to improve in the Canadian market
Home Depot stock dropped about 1% today (2/25/20) and that was after a positive quarterly report:
https://www.cnbc.com/2020/02/25/home-depot-hd-earnings-q4-2019.html
I realize not all stores are going through the same transitions but my store is in one of the "new" test markets for 3rd party (XPO)/cross dock (XDT) appliance delivery and I can tell you first hand that we got m—acred over the last several months with the half baked roll out. Untrained delivery crews, non-vetted processes, software issues galore and no inventory. Quite the four ring circus. We still have not recovered and expect our region will be suffering the consequences for many months to come. Although I don't have visibility into the rest of the nation from what I can see (via the ADC inventory lookup tool) is that Lowe's appears to be suffering abnormally low appliance inventory nation wide. I would expect the quarterly sales numbers will reflect the many tens of millions in lost sales on account of it.
If Lowe's releases a quarterly report that is significantly less than what our prime competitor just released than get the popcorn ready cause it will be quite the fireworks show.
Marv, Small Hands, and Weber Grill gone? But... they had Bobbleheads!
I expect Lowe’s to cover on stock guidance. Lots of cuts and they bought billions in their own stock. Headwind from Corona Market is tough but Low should be Ok. But if they miss bloodbath
Won’t matter. The entire market is tanking because of chingchingchina and their ability to invent unheard of diseases on an annual basis.
Now if lowes stock was the only one going down the drain, whelp... that would be a different story.
Yeah but how will they spin it? Like Jennifer Weber says Lowe's cares about the associates and wants them to be well paid, etc., etc.