How do you turn $3.2 billion into $400 million?

I'm not sure but if you ask Lowes how they did it they might give you a good answer. They bought into the Canadian home improvement business at a cost of $3.2 Billion. Today they sold what they had gained to a US equity fund for $400 million. I wonder how many of their big box stores will remain open. It can't be cheap to have that much square footage.

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TexChik · F

Let biden send it up to the Ukraine to be washed.

Onestarlitnight

Take the lump sum payout and subtract taxes.. leaves you with about 420 million from the 1.5 billion lottery jackpot

FreestyleArt · 31-35, M

They are qualified to joing the Metaverse Debt Club.

checkoutanytime · M

Go woke, go broke.

ineedadrink · 51-55, M

I recall Target had the same type of experience some years ago, couldn't compete with Canadian Tire.

hippyjoe1955 · 61-69, M

@ineedadrink Target did almost everything wrong when it came into the market. It took over an existing company then shut the doors for extensive renovations. 6 months later when the stores opened everyone had found a better place to shop. No loyalty from the previous store's shoppers. When Walmart came to Canada they kept the old stores open while they built their own buildings nearby. Seamless transition.

Virgo79 · 61-69, M

People soon wise up, shut-off valve is $10.00 at lowes and 4.99 in the kroger hardware isle, and crappy lumber

jackson55 · M

How do you make a small fortune ? Start with a large one.

smileylovesgaming · 31-35, F

I rather have the 3.2 billion then 400 million

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