Lowe's

[maxpower]

Hey Everyone,
Can anyone explain why LOW has gone up the past two days despite negative news on the earnings front, negative earnings news from it's rival HD, and overall negative Economic reports?

 

[nazzdack]

1) Short covering
2) LOW, HD & BBY are expected to be some of the biggest beneficiaries of the tax rebate money in the Spring.
3) The "Elliott Wave Guys" believe LOW will rally up to $30.

 

[Covertibility]

Both trade at relatively the same p/e but their bonds are a little wider than I expected.

HD 3/1/2016 5.4% coupon Price: 93.83 6.395%

LOW 10/15/2016 5.4% coupon Price: 99.34 5.49%


Interesting, maybe nothing.

 

[maxpower]

Guess I'm the only one short here. I'm long an April put at $25.

 

[flytiger]

Quote from tneub:

i'm a big david dreman fan....he plugged them in forbes....he got crushed in financials recently....he's a contrarian.....i have read all his books...i like his approach....short term it may be a good short....but i plan on holding here....and building a large position

I used to build postions. My last one was firmly gripping my ankles with my hands.

 

[professorkev]

I heard the housing numbers having ok outlooks are helping boost home stores.

 

[drsteph]

Quote from Covertibility:

Both trade at relatively the same p/e but their bonds are a little wider than I expected.

HD 3/1/2016 5.4% coupon Price: 93.83 6.395%

LOW 10/15/2016 5.4% coupon Price: 99.34 5.49%


Interesting, maybe nothing.

HD bonds probably higher due to the hughes supply purchase issues