A December 11, 2011 news report, Lowe’s pulls ads from TLC’s “All American Muslim”, says, “Lowe’s has pulled its advertising from the reality TV show ‘All-American Muslim,’ which the retail store called a ‘lightning rod.’ ’All-American Muslim’ is an eight-part series that follows five Muslim families living in Dearborn, Michigan.”
The controversy is that close to 100% of worldwide terrorists in recent decades are Muslims, and that the general population does not feel safe around Muslims, and is fearful of the radical Islamic agenda. Muslims make up less than 1% of the American population.
Americans can ponder their feelings about Muslims and Islam, and Islam’s stated goal of subjugation or death to all non-Muslims. Readers probably know how I feel.
But let’s get past the holy hype look at Lowes Companies from an investor’s point of view, because companies in the news are always worthy of looking at it you are trader precisely because they are in the news.
Lowes Companies Inc. (LOW $24.63) is a home improvement retailer with over 1700 stores in the U.S., and is actively expanding into Canada, Mexico and Australia.
Lowes is a large-cap growth stock, with 2011 revenues of $48 billion. Standard & Poor’s sees “ample opportunities for retail growth both domestically and abroad. We believe the housing market will remain under pressure throughout much of the year, and we continue to project weak consumer spending, particularly on big-ticket home remodeling projects.” — Standard & Poor’s Research, Nov. 17, 2011
Analysts project earnings per share (EPS) to grow 12%, 11% and 17% for fiscal years 2012 through 2014. However, annual revenues have been stagnant for quite a few years.
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