Quaker

Lowe's Profit Drop Is Not That Bad

What goes down must go up. That's the limit of insight from todays "intelligent analyst".

America has 19 million abandoned homes. These homes are protected by fire departments and police forces. They have Schools and mini malls.

The whole idea that housing has to turn around is idiotic beyond belief. America has 141 sq ft of retail space for every man, women, child and illegal alien in the country. We have more living space per capita than the third world has PER FAMILY.

Our local Home Depot open one checkout on a saturday afternoon.

Housing will not rebound again in our lifetime.

Home Depot Is Poised For A Turnaround

Haha... I'm guessing the CEO gave this "analyst" 30 seconds of his time and now she's pie eyed over him.

I was in HD once and they had two stacks of R-19 insulation next to each other, each made by the same company. I asked the guy what's the difference. He shrugged and said, Hell if I know. One other time, the guys in truck rental told me they weren't going to charge me for the 1 1/2 hours they used to load the truck.

Home Depot Is Poised For A Turnaround

I think HD will be a good buy when it reaches $10 a share. It's one thing to say they're going to hire better people. It's another to hire them. Currently, they'll take anybody with a heartbeat and passable language skills. This isn't going to change because smart, building savvy people aren't going to work for a company with low pay, rediculous hours and no winter hours.

As to installations, no reputable contractor would go within a mile of HD. Their cabinets are overpriced crap.

I can't think of a single thing HD is good at. They're not competitive on price, their stores aren't designed to sell large quantities of lumber or building materials, inventory is a mess, (they rarely sell all the parts necessary to complete a job and they're too stupid to realize this), Their rental business doesn't work, they're delivery policy is absolutely and totally incomprehensible and their store design is the worse in the business.

They fill their isles with anything they can get cheap. Big screen TV's, Soda, paper towels, space heaters.... Their reputation is going to take more than another idiot with a MBA to fix.