3 Reasons Lowe's Is A No-Brainer Dividend Aristocrat Buy

Summary

• Lowe's has rallied off its June low when its P/E hit levels consistent with the Great Recession and Pandemic crash. It MIGHT have bottomed already.
• LOW's margin expansion plans are going well, and combined with a potential 20-year secular boom in housing could drive historical 20% growth for the next few decades.
• LOW is still 32% undervalued and trading at 11X cash-adjusted earnings, a PEG ratio of 0.55, hyper-growth at a wonderful price.
• LOW's is a 97% quality 13/13 Ultra SWAN dividend king, and a potentially very strong buy for long-term income growth investors.
• LOW could potentially deliver 214% returns over the next 5 years, a Buffett-like 24% annual return, and 22% long-term returns, as it's been doing for 37 years. It's one of the best bear market blue-chip bargains on Wall Street for anyone looking to maximize long-term retirement income.
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Jose Luis Pelaez Inc

Analyst’s Disclosure:I/we have a beneficial long position in the shares of LOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Dividend Kings owns LOW in our portfolios.