Do you think Lowe's has a long-term business plan or is Marvin and his merry band of Marvettes just making this up as they go along?
6 replies (most recent on top)
He's running the operation of the company down to show a buyer thst with new/good leadership, it can be a force to be reckoned with, and keeping stock prices high enough for investors to stay in the game.
Amazon will buy Lowe's and use the current RDC's for their gain, and stores for their new pickup and cost saving shipping centers.
Bezos has long wanted to profit in the contractor sales market. You used to hear in morning meetings that Amazon sells more lumber than Home Depot and Lowe's.
turn it into another IKEA
Either jack up the stock price for current board to cash out and walk or make the stock price and P&E pretty enough to sell to Amazon, Menards etc
I agree with Bob Tillman. Marvin is the Trojan Horse for a competitor. He is being paid big bucks by bot Lowe's and another group to raise stock value for a quick exit for those in the know to make a fortune with the debacle aftermath. I think that there is very little cash left. The aftermath will be slice and dice and sale of real estate and any goodwill left. Marvin will be hired by another failing company to work his same magic. He is a sorcerer's apprentice, a hypocrite and anything but religious or Christian. Marvin is working both sides of the fence. He is the devil's spawn and a total crook.
Ding, Ding, Ding, Give previous poster the grand Prize. Once you have figured that out, everything makes sense. Everything else is kabuki theater...
I think their plan is to artificially jack up the stock price, sell at a high point and then go away with their gains leaving someone else to try and salvage the company.