Why I Will Never Own Lowe’s or Home Depot Stock

The big-box home improvement stores crushed a lot of local hardware stores in the same way Starbucks (SBUX) – Get Starbucks Corporation Report devastated local coffee shops. Lowe’s (LOW) – Get Lowe’s Companies Inc. Report and Home Depot (HD) – Get Home Depot Inc. (The) Report offer a stunning selection — literal football field-sized shopping areas which have nearly anything a contractor, homeowner, or a do-it-yourselfer could want.

And while many businesses struggled during the pandemic, the two big home improvement chains benefited from everyone being stuck at home. That led to a lot of projects, from house painting to additions, remodels, and lots of appliances being replaced.