I'm interested in buying Lowe's stock. It seems like a good value company and has good ROE with low debt. Also, Buffett is buying Lowe's so it must be a decent stock.
The only problem with Lowe's is that the housing market is dead cold right now, the retail sector is underperforming and the US economy is expected to slow down and maybe even hit another recession. But Lowe's stock keeps going up. It's gone up $1.20 in a week. It doesn't make sense to me. I don't understand how a home improvement retailer in a time like this can be going up in price. With all the bad news about the housing market, retail, and the economy, it seems like it should be losing value.
What do you think? Is Lowe's a good buy right now? As of today, 12/05, it's priced at 31.24 with a P/E of 15.43.
2006-12-05
13:11:13
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7 answers
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asked by
johnlert22
2
in
Investing