Lowe's Companies: Strong Cash Flow And 10%+ Return Potential
The first Lowe's Companies (LOW) store opened 98 years ago in North Carolina. It now operates 2,105 home improvement and hardware stores in the United States, Canada and Mexico. I've owned Lowe's for nearly 2 years now and the results have been solid, if not spectacular with nearly 13% internal rates of return.
A few weeks ago, I was getting things ready for our daughter to move into her own room so our newborn could take over the nursery next month. With several trips to the local Lowe's and Home Depot (HD) (You can read my analysis here), I wanted to dig into the second largest hardware and home improvement store in the United States to see if it deserved more of my investment capital.
Continue reading the article on Seeking Alpha.