Why is the stock price so high currently? It doesn’t seem as if business is booming? Economy is wary and real estate is slow so what is driving up the price?
5 replies (most recent on top)
"No it shouldn’t. Stock buybacks are great for existing stockholders. It makes their shares become a bigger slice of the company pie and is a legal way to return value to shareholders."
Any large company that puts its sole purpose and vision into its shareholders is not a company that's customer eccentric or employee friendly. Moral is way down nationwide at the store level. Employees are over worked and underpaid. Customers are sick and tired of know nothing teenagers not knowing anything about the department they're working in (remember specialists?). Customers are also tired of self checkout sometimes being the only form of checkout option available. What about 3rd party delivery sc--wing up 60% of the orders they handle? But hey, as long as those shareholders and Marvin can cut as many corners as possible and line their pockets then it's just all great. Yeah right. This company is an internet giant away from losing its business and going down the road of K-Mart. Or should I say JC Penny since small hands has already destroyed that place?
“The company is continuously buying its own stock to "artificially" inflate the price to appear worthy of the price by unknowing or ignorant first time investors. Should be illegal, but it isnt.”
No it shouldn’t. Stock buybacks are great for existing stockholders. It makes their shares become a bigger slice of the company pie and is a legal way to return value to shareholders.
Hurricanes are great for business.
Melvin playing games with the stock because he has no brains how to actually get a game plan together for Lowe's to prosper.
The company is continuously buying its own stock to "artificially" inflate the price to appear worthy of the price by unknowing or ignorant first time investors. Should be illegal, but it isnt.