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Strategies & Market Trends : Buffettology

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To: Shane M who wrote (2687)	11/24/2000 4:04:34 AM
From: Bob Rudd	Read Replies (1) of 4690

HD is a retailer of paint & decorating products and so is SHW [bout 2500 stores]..thus precluding a supplier relationship for SHW. [Recent Buffett buy Shaw bought a bunch of retailers and HD's response was to throw SHAW carpet out of the stores; SHAW sold the retailers at a big loss and went hat in hand to HD seeking forgiveness]. SHW does do some wholesale biz with hardware stores and other paint retailers, but these are losing market share to HD. Pauls right about SHW's being able to grow in the face of competition, but the HD Lowes duopoly definitely represents a substantial headwind. Frankly, I'd be more worried about the lead paint issue after watching the asbestos producers being dismantled over a product not sold for 30 years...Look for Armstrong [The flooring co] to file within days joining Owens Corning and several others. This lawsuit thing has gotten severely out of hand...and now that the lawyers are selecting presidents for us.....

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