🔨LOWES STOCK, Why It's Bill Ackman's Biggest Position?

요약 보기

로우즈(LOW)는 팬데믹 수혜와 저평가 측면에서 홈디포보다 매력적이라는 결론으로 보임, 단 단기 과열 우려로 추가 하락 시 매수 고려. 팬데믹 동안 집에 머무르며 홈 인테리어 수요가 급증했고, 로우즈 매출과 주당순이익이 크게 늘었다고 설명. 로우즈 시가총액은 홈디포의 약 1/3로 성장 여지가 더 크다고 평가하며, 미국 인건비가 높아 DIY 수요가 강하다고 봄. 온라인 경쟁사(아마존)가 중량 자재 배송비 때문에 건축자재 시장을 쉽게 잠식하기 어렵다고 분석. 빌 애크먼의 로우즈 지분(포싱 스퀘어 포트폴리오 약 22%)을 언급하며, 애크먼의 과거 투자 방식(경영진 교체·턴어라운드)과 연결해 긍정적으로 해석. 2018년 마빈 앨리슨 CEO 교체(홈디포 출신)를 긍정 요인으로 평가하며 로우즈의 마진 개선 여력 강조. 리스크: 팬데믹 특수가 끝나면 재택 시간 감소로 지출이 줄 수 있고, 리노베이션은 일회성 소비 성격이라는 점. 리스크: 주가가 52주 신고가 부근(약 158달러), PER 약 27배로 높아 지금은 매수 타이밍이 아니라는 입장. 상업용 부동산 등 전문 인력 수요가 재개되면 상업 부문 매출이 늘 것으로 기대. 장기적으로 독점적 지위와 넓은 경제적 해자로 경기와 무관하게 안정적일 것이라고 전망. 결론적으로 로우즈 선호, 최근 3개월 급등 후 다음 가격 조정을 기다려 투자하겠다는 입장.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. what's up everyone welcome back to my channel so today i would like to talk about lost stock ticker symbol is low so loss just released it's very good q2 earnings yesterday and its stock price has increased a little bit not as crazy as chinese dolphins though so today i would like to present you guys some bulls and bears opinion about lovestock hope you guys will find value of it so now let's get started so when i'm doing the qsr video i found that lows is also one of bill ackman's big holding so in pershing square's portfolio more than 22 percent of the position is in low stock so at the time i was very curious about this industry like diy construction slash home industry so i did some research about it and i find that it seems home depot and lowe's are the monopoly which is called the offline in this industry so if you want to doing a renovation of your home and one might buy some in the construction material maybe you would either go to lowe's or home depot and because of bill ashman i think lawson becomes more interesting because during the past history what bill eggman did for burger king and chipotle is to buy the company when the company is in trouble and when the stock price is at the lower end and then once he take a larger position in this company he become one of the major shareholders and with more voting rights and then he trained the ceo to rework the company and then stock will going back up and that reminds me of what bobby axelrod did in buildings he always trying to do some work when he was in the board of the company replied like replace the management switch a strategy in order to fix the issue of the company and thus improve the price strategy but of course when the price going up he is also one of the people who benefits most from it so the first full opinion is that during the pandemic as people have nowhere to go like no travel no dining out they're just the same home so they would like to improve their living environment and then that's why they did some renovation during this period so according to the kyoto earnings the store sales has increased around 34 and their adjusted diluted eps has also increased to around 74 to the current of 3.75 after we knowing that because of the environment this industry are preferred and very hot during this pandemic now let's move to a comparison between home depot and lowe's so that comes to the second bull opinion is that lows because of market cap is around one third of home depot so the business volume is smaller so that shows that it has more space to grow and i have a lot of experience with lows because when we are living in illinois there is a loss right near our home and at the time we had an apartment so i remember every day after work you know my husband will go too low to pick up some construction material in order to renovate the apartment and i realized that the labor cost in u.s is so expensive and it seems impossible to ask people to help for the whole project we will be responsible to get the material and then we hire a professional worker in this area to help us installate the material like the floors and i find it interesting because it's totally different from china where the labor cost is on the cheaper side so in china when we do the construction work we usually just outsource a whole project to the professional workers and we don't even necessarily to go to the construction stores so i think that shows big marketing us because of construction work and also because of the culture of diy like you don't necessarily to like spend time to seeking for the professionals you just can't do it yourself and also a way to impress your creativity the third full opinion is that the detailed sales of lows in this period has grown more than 135 that is because the company began to adopt the purchase in your mobile phone or on the website i think the construction areas is a specialty one and other online repair is hard to compete like amazon because based on maintenance amazon usually ship on some lower weights products if the product is very highly like construction material the shipping cost will be very high and i think the firm cost will not cover that so as a professional in the home improvement industry lows and home depot both would like to ship them so that makes other online retailers cannot compete and because that laws have the right mode of the company that is not like other new style but can't easily do that however there's also some bare opinion of the sock the first one is that the cells slash revenue growth is just during this pandemic when people are staying at home in the future when people are go back to work or going out they spend less time at home so the spending on home environment will also be less and also usually the renovation is one time thing so they would not necessarily go to the store every day probably prevent the stock price from going up and the second better opinion is that company stock price at almost at 52 weeks high the stock price is around 158 dollars and the p ratio is around 27 so that shows the stock price is on the higher end and maybe not a good timing to buy right now although i believe that when people go back to work the individual customers may contribute less volume but i think anytime the professional workers will go back to work because when people are going back to work there will be more construction work like for commercial property so i think the sales in the commercial categories will increase at a time so to sum up i think currently lowe's got some gross momentum and because of the gross margin is lower than home depot so i believe it has more growth than home depot so if to pick up the stock between lows and home depot i will probably pick up loss because of the gross potential and when i saw that they changed management to marvel allison in may 2018 i have more confidence because marvin allison he's an ex executive in home depot so he's the veteran in his industry he know how to fix laws in order to catch up home depot and also i think home depot put their shareholders first like over their customers their product is with a high price for example i bought this bamboo in home depot it costs uh 16 when i thought this just worth five dollars for customers who seeks value they will probably increase loss over home depot at this point of time in the recent three months loss has grossed a lot so maybe i will wait for the next price adjustment and to invest in lows because as a kind of monopoly in this industry the company has a wide mode and will be very stable in the long term no matter the economy is good or not so that's all the booths and bears and my thoughts about love something thank you guys for watching and i will see you guys very soon bye