Thread regarding Lowe's Cos. layoffs

Stock prices..

I’ve seen a few ignorant people bring up the raise in stock prices as a signal that Marvin is doing a good job. Let me ask you this! For those that work in stores, do you feel that the high stock price is a true reflection of what is going on inside the stores? If so, I would love to have some of what you are smoking!

Little to no staffing, mass layoffs, cluttered/unsafe stores, excess freight out the wazoo! The associates that do remain are for the most part absolutely miserable when they walk through the door everyday (even management). Let’s not forget how corporate spent a fortune on stock buybacks, yet offered little to no severance to employees who got the boot.

This is just a reminder that the stock market overall is just smoke and mirrors. It’s the government/corporations way of playing monopoly with one another. If Lowe’s stock reflected store conditions or morale, it would hover consistently around a dollar per share.

by SmallHandsJoeMcFarland
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Post ID: @OP+10N23EcJ
Comment! It's anonymous!

4 replies (most recent on top)

The second quarter is Lowe’s busy season. I predict that the stock price will fall back to where it was for quarters 3 and 4. Mark my words.

Lowe’s executives are like real estate agents; when sales are up they take credit, when sales are down they blame the market.

by Anonymous
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Post ID: @pfz+10N23EcJ

I often wonder what stores people who post on here work in. My store is running a positive comp, about even to our target, and other then a small handful of associates everyone is happy. Our FSA was actually good and has come back to work for us. We don’t have freight laying around, in fact most of the stores in our market don’t and are really clean and uncluttered. Must be bad leadership, or, more likely, just terrible attitudes of a few who post repeatedly on here.

by Anonymous
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Post ID: @ons+10N23EcJ

And that is the truth the whole truth and nothing but the truth

by Anonymous
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Post ID: @lmw+10N23EcJ

a business can exist without the stock market.....

the stock market cannot exist without the business.....

men like marvin want to confuse these points so as to maximize the theft of profit from the business over to the stock market so that they can extract it into their own personal wealth.

the stock markets original purpose was that to go public you had to prove it was beneficial to the public! there was also a sunset date for no longer being public. the sole purpose of going public was to accumulate the funds needed to undertake a large investment in the company to make it better or improved. for you investment you would get a slight rate of return. that sort of model works for everyone. the current one is destructive to the overall health of the economy.

by Anonymous
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Post ID: @mwk+10N23EcJ

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