2006-06-30 10:31:10 · 6 answers · asked by Michael H 1 in Business & Finance ➔ Investing
Lowe's will always be a good business. If building slows there is always remodeling that needs to be done. Plus store expansion could fuel growth for years as ma and pop lumber companies go out of business.
2006-06-30 16:04:04 · answer #1 · answered by NOVA50 3 · 1⤊ 0⤋
The reasons the first to people listed are not justified. They dont have good reasoning for the answers they listed. Cramer is nuts. He has been right on a lot of things, but he has also been wrong. And of course, one has got to realize that when he announces his liking for a stock, with millions of viewers, it may cause others to buy the stock causing a quick surge in price because of the increased demand.
as for the second guy. "lowes has never had soaring prices and never will and they will be out of business in ten years" #1 you can never predict future behavior based on past behavior. #2 you cannot say something is going out of business without first giving solid reasons,
now. my opinion on lowes. i would say dont buy on lowes. You have to consider the housing bubble and rising interest rates. Without looking at any financials I would think the best time to buy lowes would be as interest rates are starting to decline.
2006-06-30 19:21:03 · answer #2 · answered by RMC 2 · 0⤊ 0⤋
uhh.. let's think about this... hmm.. NO!
that would be a pretty unintelligent move for the following reasons:
#1 -- lowes has never had a soar in prices, and never will
#2 -- lowes will be out of biz in 10 years tops.
#3 -- lowes has competion, so for now, it's stocks are steady, you would just be putting your money in a savings account with the fear of either getting less or no money back (don't depend on getting dividends or selling your shares for a higher price, it won't happen, lowes had it's boom in late 2001, early 2002 --- and it won't happen again)
good luck.. purchase something worthy of your money. (i wouldn't bet on the home depot either)
2006-06-30 18:52:08 · answer #3 · answered by thepenpal 4 · 0⤊ 0⤋
Absolutely, Most of the analyst's are bullish and rate Lowe's a strong buy. They are a well run company that has stayed clear of many of the problems Home Depot is having. They also have very good fundamentals.
2006-06-30 22:35:11 · answer #4 · answered by rhutson 4 · 0⤊ 0⤋
I know that Jim Cramer is bullish on Lowes and much prefers it to Home Depot.
2006-06-30 18:22:24 · answer #5 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
I wouldn't think so, given the slowdown in the housing sector.
2006-07-01 23:17:00 · answer #6 · answered by GC 1 · 0⤊ 0⤋