A published report says the Lowes, Rona and dicks chain in canada is being dumped by the American parent and purchased by what seems to be a private equity fund. Further detail appear to show the value at 10 cents on the dollar from what Lowes bought into the business for, or average store value is barely one million each. Just the inventory in these stores is worth way more than the value of the business. If these stores were not making any money this year when prices for everything is now so high, that is not good at all. A lot of the builders were blaming the lumber yard when a piece of osb 3/8 hit 70$. Maybe it was someone else robbing us. If these suppliers are not viable then it seems the supply chain is worse than what we had thought.
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