I now clearly understand how the stock price works.
Close stores, layoff thousands, cut hours, decrease staffing, do away with full time employees and replace them with part time, and cut benefits to employees. Then the stock goes up.
Post a $884 million dollar loss and no one cares.
It is about greed not empathy or compassion.
Yeah, that is how it works. The more you cut the higher the price. Sears did that for awhile. When stores closed, the stock went up because it was seen as a sign that they were stream lining. Now they are a penny stock. It's laughable really, but you can ride a stock like that to big bucks if you know when to get in and out. Investors making a profit is not the same as the company making a profit. All the cuts made by Marvin are seen and great things.
Frankly, it is a shame what happened to Lowe's. It use to try and stand out from the crowd by providing exceptional service. Sadly, its bad investment in terrible outdated tech meant it lost a ton of money and in turn lost its way. At this point, why would anyone go to Lowe's over Home Depot? There is less help, less product, and similar prices. What makes them stand out now? Craftsman, a brand that has been used and abused by Sears?
Welcome to America! Billionaires, CEO’s, Politicians, Lawmakers have been screwing the workers over for decades!
Unfortunately, the people play into their strategy and spend all their time fighting with each other rather than the actual enemies.
Thanos Was Right!