Is Lowe's a Millionaire-Maker Stock?
Lowe's Companies (NYSE: LOW) is the world's second-largest home improvement chain, raking in $83.7 billion in trailing-12-month sales, which puts it behind Home Depot. In the past 50 years, the North Carolina-based company has generated a monster total return of 245,200%, generating massive wealth for early shareholders. I'm sure some of them have become millionaires.
But with the retail stock trading not that far off its peak and the business carrying a large market capitalization of $150 billion, can Lowe's turn new investors into millionaires?
The macro headwinds of the past couple years, namely higher interest rates and inflationary pressures, might be easing. However, Lowe's continues to feel the pain with softer demand from customers.
Source Fool.com
