Comments on: A HOUSING LOWE OR THE DEPOT’S LOSS? http://pragcap.com/a-housing-lowe-or-the-depots-loss Thu, 24 May 2012 06:37:02 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: TPC http://pragcap.com/a-housing-lowe-or-the-depots-loss/comment-page-1#comment-1387 TPC Tue, 19 May 2009 12:27:14 +0000 http://pragcap.com/a-housing-lowe-or-the-depots-loss#comment-1387 You question the article even though the overall message of it was dead right? I.e., Lowe's wins are nothing more than HD's losses? Read the HD earnings this morning and tell me if my analysis was wrong. <br><br>Whether you want to believe it or not, LOW's management has been outstanding considering the environment. They've been beating HD at their own game for years now.....I'm not saying they're a bunch of Jack Welch's, but relative to HD..... You question the article even though the overall message of it was dead right? I.e., Lowe's wins are nothing more than HD's losses? Read the HD earnings this morning and tell me if my analysis was wrong.

Whether you want to believe it or not, LOW's management has been outstanding considering the environment. They've been beating HD at their own game for years now…..I'm not saying they're a bunch of Jack Welch's, but relative to HD…..

]]> By: TPC http://pragcap.com/a-housing-lowe-or-the-depots-loss/comment-page-1#comment-1386 TPC Tue, 19 May 2009 12:23:23 +0000 http://pragcap.com/a-housing-lowe-or-the-depots-loss#comment-1386 Considering the environment I don't see how you can be quite so critical of LOW. This quarter was much better than expected. Gross margins were improved, sales and EPS were much higher than expected. Obviously, the environment still sucks for them, but all things considered the stock deserved to surge..... Considering the environment I don't see how you can be quite so critical of LOW. This quarter was much better than expected. Gross margins were improved, sales and EPS were much higher than expected. Obviously, the environment still sucks for them, but all things considered the stock deserved to surge…..

]]> By: Homer http://pragcap.com/a-housing-lowe-or-the-depots-loss/comment-page-1#comment-1385 Homer Tue, 19 May 2009 11:53:24 +0000 http://pragcap.com/a-housing-lowe-or-the-depots-loss#comment-1385 I would question how much work was placed into this article. "top notch management," must be a strict personal opinion. If you were to step into almost any store and just ask where some of the employees worked previously, they either started there or came from The Home Depot. As for their gains this quater, the entire company is based off of new comp sales, meaning the less stores they open in a period will greatly effect their over all sales margin. I would question how much work was placed into this article. “top notch management,” must be a strict personal opinion. If you were to step into almost any store and just ask where some of the employees worked previously, they either started there or came from The Home Depot. As for their gains this quater, the entire company is based off of new comp sales, meaning the less stores they open in a period will greatly effect their over all sales margin.

]]> By: eh http://pragcap.com/a-housing-lowe-or-the-depots-loss/comment-page-1#comment-1379 eh Tue, 19 May 2009 06:13:29 +0000 http://pragcap.com/a-housing-lowe-or-the-depots-loss#comment-1379 Here are the results from Lowe's: <br><br>[For the three months that ended May 1, Lowe's said it earned $476 million, or 32 cents per share. That's down nearly 22 percent from the previous year's profit of $607 million, or 41 cents per share, but was well ahead of forecasts.<br><br>Sales dipped 2 percent to $11.83 billion from $12.01 billion.] <br><br>So revenue drops only 2% while earnings fall 22%, yet you tout their "cost controls"...? A bit odd I would say. <br><br>Anyway, no reasonable person expects every company's performance to be disastrous. And as LOW made clear sales were strongest in what I would call home improvement sundry items, which are no doubt the least expensive. Here are the results from Lowe's:

[For the three months that ended May 1, Lowe's said it earned $476 million, or 32 cents per share. That's down nearly 22 percent from the previous year's profit of $607 million, or 41 cents per share, but was well ahead of forecasts.

Sales dipped 2 percent to $11.83 billion from $12.01 billion.]

So revenue drops only 2% while earnings fall 22%, yet you tout their “cost controls”…? A bit odd I would say.

Anyway, no reasonable person expects every company's performance to be disastrous. And as LOW made clear sales were strongest in what I would call home improvement sundry items, which are no doubt the least expensive.

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