Flooring Man

Why I Sold Lowe's Short

As an employee of Lowes, I would have to fully disagree with this article. This article appears to be written by someone who has no knowledge of how the economy or markets work.

Where I live, most of the Lowes stores are doing great. Lowes stores that are marginal are typically in buildings that Lowes purchased very cheap, yet still gaining profit. I like Lowes for those reasons. Look into the finer details like any good investor would do. Look at how a company thinks and conducts themselves. Soon Lowes willl knock HD off its block. HD will be closing stores while Lowes continues to strategically open them. Lowes is building in great developing areas where HD did too early. Lowes is jumping the gun in a good way to see that those HD's fail. And it will work based solely on great customer service. HD dumped that back in 2000.

As I write this, Lowes stock is at $16 per share. I think that is great, because now i am buying more of it. Long-term, I will see huge gains.

Remember, no matter what, there is a huge amount of people from current generations that will be buying homes soon. Including myself. Don't jump the gun like every other no-brainer and sell. That will be a costly mistake. Think long term, not short. I know it's hard for 85% of people to do that.