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Lowe's Is Too Expensive To Own

By Parke Shall

Lowe's (LOW) has gone on an astronomical run over the last 6-8 months. For those that read us regularly, we continue to think that brick and mortar retail stores are the last place we'd like to be invested in. We do admit that if we had to invest in retail, companies like Lowe's or Wal-Mart (WMT) would be first on the list because they are somewhat integral to people's day-to-day consumption, as opposed to places like restaurants, which are cosmetic expenses.

Recently, Lowe's has planned expansion in Canada over the next three years, where it already has 37 stores. For the spring homebuilding season, the company announced it was going to add 30k seasonal workers, up from the 25k it hired last year at the same time. Finally, the company has been the beneficiary of lower gas prices and its shareholders have shared the company's gains.

The… Read More …