Just wondering where all the people who predicted Lowe's downfall ever since Ellison took over are these days? I thought he was destroying Lowe's, leading it into its own demise, right? And here we are, the stock is at an all-time high with no end in sight. The company never did better. I wasn't a too big fan of his at the start either, but I wanted to give him a chance. I think he has proven his worth many times over by now.
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LMFAO. What type of dr-gs are you on?
The Gap in the stock price has never been closed!!! HD is over 300 bucks. Lowe’s is under 200 bucks. Same ratio as with Niblock.
To the id--t who posted this, Wake Up D==b A==!
1) Lowe’s is really just HD Lite now.
2) Billions of dollars spent on stock buybacks.
3) Incompetent management from Top to Grassroots.
4) Huge stock awards granted to top dogs.
5) Billions of dollars of Corporate Debt (look it up).
6) Sketchy health policies during pandemic allowed ME et al to risk public health while maximizing revenue/sales/profits.
Ahh,, every retailer on this site as posts of their downfall, bankruptcy, closing of stores, the boards are shady and corrupt this movie never ends.
Nice try, MARV!
Just a reminder that Lowe's quarterly reports were not looking all that good prior to the pandemic. Particularly those of 2018/2019. Our once high level of customer service is in free fall thanks to his many changes. Many stores cannot even hire new employees as fast as the are losing them. I also think he is playing an accounting game of moving labor and product losses to XDT locations in an attempt to make the stores appear to be more profitable. In the end Lowe's is no closer to catching Home Depot under his leadership (eg. gross sales, margins or stock price). Home Depots last quarterly report clearly showed that they are once again pulling ahead of us. As for his time at JCPenny's, his brilliant idea of entering into the major appliance market had an abysmal outcome for them. Much like our new 3rd-party delivery is dragging us down and alienating our customers. It wouldn't surprise me in the least if we have already given up our once commanding lead in appliance sales to our competition thanks to his changes. Time will tell but any way you slice it the pandemic fueled sales surges have masked the true status of this company.
Pandemic was Ellison's powerball. Never has anyone been so lucky as Marvel comic. Once this plaque abates, would not be shocked if the next is traced to Marv's basement.
@caw...thanks for the explanation...douche.
“Keep in mind Lowe's has invested over 35 billion in stock buyback. Sounds like a elevated stock price to me. When a company has to invest that much money to buy they're stock back there is a red flag somewhere.“
Corporations exist to provide return on investment for stockholders—not to provide customers with products or to provide employment for people needing work. I know that sounds cold, but it is reality. ALL big, publicly-owned corporations buy back their stock. It reduces the number of outstanding shares on the open market and they resell them later on when they worth more and turn a profit—both of which benefit stockholders. What about that do you not understand?
Some thought Nardelli was a great CEO.....he made money for the companies that he ran. And yet, when the dust settled most viewed him as semi filthy pirate who made a mess before moving on to his next victim. But in the modern business climate this is how the game is played
Keep in mind Lowe's has invested over 35 billion in stock buyback. Sounds like a elevated stock price to me. When a company has to invest that much money to buy they're stock back there is a red flag somewhere.
- C. Penney’s problems started way before Ellison got there. The more appropriate observation is what he did at Home Depot 10-15 yrs ago, which was significant.
Awful choice as CEO. He was awful at JC Penney nearly putting the company out of business. And he's practically eliminated customer service at Lowe's. There's not enough help and customers notice and leave. As soon as the Pandemic fueled sales bo-m ends, Lowe's numbers will tank.
judging ANYONE's performance under these circumstances is pure folly. Of course the stock was going to go up some and the pandemic laid it out on a silver platter for all the companies selling home goods. Your uncle would have had a successful year as a CEO of any of these companies. I believe most were talking about his long term effects on the company to judge performance. Let's revisit this in 5-10 years to see the true results. Shaw and his ilk and not looking to build excellence in any company they leech onto.....just make moves that boost short term gains. These people will not likely be with the company 5 years from now.
Back in Time, a hedge-fund manager by the name of Eddie Lampert was hailed the savior of Sears Holdings. The Kramer on t.V., "Buy one Share" He was the next Oracle of Omaha! So Where is Sears today? So your question is he the right person for Lowes? If you are supported by a couple of hedge fund buddies, and the economic crisis as it is. Yes he is. But will Lowes be around in 3 to 5 years? So cash in on the stock and be like the hedge fund buddies .