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Campaigns / Pershing Square → Lowe's Companies, Inc.
Pershing Square vs. Lowe's Companies, Inc.

Lowe's Companies, Inc. · LOW

1 deck published between 2011-11-08 and 2011-11-08 — 23 pages, 23 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2011-11-08 initial thesis

    2011 11 Pershing Square Lowes Presentation Nov 2011

    23pp · conference_presentation

    Lowe's is a cheap home-improvement duopolist whose 8% FCF yield funds a buyback worth ~40% of market cap — investors are paid to wait for the housing recovery.