Lowe’s over built trying to chase Home Depot. Then Lowe’s contracted by closing stores. Now Lowe’s is piling on debt trying to clean up its act. However, in a climate of rising interest rates, Lowe’s financial position is riskier than ever. Though, insider selling is the tip of the iceberg, the Lowe’s ship is sinking under $29 billion of massive long-term debt ($33 billion debt minus $4 billion cash). Stick with Home Depot, the sensible standard, where I shop.
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