Lowe's (NYSE: LOW) has long played the role of runner-up in the home improvement category. But with a new management team, a turnaround plan in hand, and a stronger consumer base still willing to buy into the renovation cycle of homeownership, the parts are in place to engineer the recovery that has always seemed just out of reach.
Yet the DIY center is also undergoing a major restructuring, something that doesn't always go as planned, not least because there are so many moving parts. Lowe's still has substantial upgrades to its e-commerce business it needs to implement, along with supply-chain enhancements to wring out the best pricing for its operations. And it's doing so as chief rival Home Depot (NYSE: HD) is also investing heavily on its performance to maintain its lead.
Let's look at whether Lowe's stock, which is up 22% year to date -- on par with the market indexes as a whole -- is a good one to buy.
Source Fool.com