I certainly won't be here to see it, but I think this company will have to change its strategy someday because I don't believe this one now is sustainable in the long run. Part time people who have no benefits, constantly shortening hours and replacing skilled people with people without skills who are completely demotivated... where will that take this company? I think Lowe's will have to change its approach to employees someday... at least if the company wants to stay in business.
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Marvin does not see the big picture that it takes money to make money - meaning he should reinvest in the company be it giving better wages, updating old equipment and taking care of the existing employees he has working. So he will keep cutting wages and employees as he sees fit and suck the company dry. Glad I left 4 months ago.
Looks like the corporate blow jobs have arrive to this particular thread. Don't worry, there'll be plenty of time to blow Marvin once Lowe's is in Sears or JCPs position in 10 years.
More propaganda from the haters—here are the facts. Lowe’s is currently trading at a P/E ratio of 21. That is NOT ‘ overvalued’ by any
measure—in fact, it’s quite modest. Some perspective—HD is trading at a P/E of 22 and Walmart is trading at 41. Apple stock is trading at 28. If Lowe’s is ‘overvalued’, then everything else is too.
Estimated To Be Significantly Overvalued
GuruFocus.com
April 28, 2021, 8:12 am
- By GF Value
The stock of Lowe's (NYSE:LOW, 30-year Financials) shows every sign of being significantly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus' estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the past business growth and analyst estimates of future business performance. If the price of a stock is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher. At its current price of $199.05 per share and the market cap of $142.8 billion, Lowe's stock is believed to be significantly overvalued
Right now, despite what you feel and see in the stores, Lowe’s is a Wall Street darling and performing very well for shareholders after stagnating for years under Robert Niblock and getting their brains beat in by HD. Why on earth would they change strategies?
Sadly one would have to hope the company fails and that would be somewhat immoral. And the slimy crew who pull the strings will have ransacked most of the money before the inevitable collapse anyway. Only the good hard working rank and file would lose out. The game is rigged. Big government and big corporation working in tandem to ruins.
It’s just like every other big box retailer. They cut hours to where the stores are disgustingly understaffed and employees are working themselves to death to keep up with the workload that doesn’t get cut.
Customers complain to a manager and put in their bad review or survey. But, they still shop there. Sure they will bi--h and moan and make a big fuss and some will make the lives of employees miserable, and then STILL spend hundreds-thousands of dollars.
Corporate does not care because they are still raking in money. Complaining does nothing. If customers took their money elsewhere, these companies would change their ways really fast. But, in this consumer driven world, that will probably never happen. At least, not on a large enough scale to matter.
Lowe's and Marvin don't care. They are happy, and hang the workers, as long as the greedy leeching investors see stock prices up and get their dividends. Once that turns around, Marvin will panic and make more changes, more cuts.
Lowe's is exactly the new Sears and look how that is going.