Lowe's stock just got upgraded, which means that no matter how unhappy and overworked we are and how bad our working conditions get things will not change. Because Marvin is making happy the one group that counts - the shareholders. Nobody gives a damn about us. Maybe it's time we face that.
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Bernie wants to get rid of stock buybacks. Maybe then companies would actually pay their f—ing employees.
problem is the stock upgrade isnt based on the BUSINESS of lowes upgrading. the seekingalpha article posted in another thread clearly points out that lowes is using all its free flowing cash as well as debt spending to engage in share buybacks that is propping up stock numbers and perceived growth. marvin knows full well this isnt sustainable as long term debt is now up to 17 billion.
here is what the OP failed to link to – https://www.barrons.com/articles/lowes-stock-is-the-best-way-to-play-a-resurgent-home-improvement-sector-analyst-says-51571150954
Source?
Without a source to back up your statement it’s just an unsupported claim.