Anyone understand the letter sent out? We can no longer have more than 25% of our 401K in Lowes stock? Am I reading this right?
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could you give more detail why youre saying to move everything into stock and attempt to vote....
love these vague comments people make!
IF YOU ARE A FULL TIME LOWES EMPLOYEE OF LOWES MANY years i would move those 401 k balances all into LOWES STOCK FUND before the May 3rd deadline .... I would also consider voting net month share holder proxy voting by mail etc.
I would think they are looking to sell. I’ve always thought Amazon would by Lowe’s for distribution points.
Stock buyback ongoing that pushes up the value of our shares. Trying to limit the amount we benefit on that.
Or, as part of a really sinister long game, they are looking to sell Lowes. Since shareholders vote on such sales, are they trying to limit employees from having large “no” voting block to stop such a sale?
Perhaps hey are getting ready for a stock split.....
And to think lowe’s was an employee owned company. Now they want to weaken how much control employees could gain.
me personally, i refuse to ever buy Lowes stock (at least individually). It may be in my 401k package and my other retirement investments, but i will not purchase the stock. It would be basically condoning the actions and ideals of this company of which i cannot.
can anyone think of any other reason than that the corporation has become fearful that the employees might already be or could quickly become the majority shareholder?