Saturday, August 13, 2011

Age Of Conan





Age Of Conan
As if you didn't have enough incentive to log into Age of Conan lately, Funcom is giving you one more. Yes, Unchained is here, as is free-to-play and a lot of new content. On top of that, the AoC Facebook page just mentioned a promotion called The King's Reward which runs through the end of the month.

Every Age of Conan player will receive a free potion pack via the new in-game store, and unlike everything else in the cash shop, the bundle is free of charge. Goodies include various flavors of XP-enhancing potions (including PvP, mastery, and regular XP), a temporary PvP evade boost, and a resurrect potion.

These items may only be claimed on one avatar per account, so choose wisely if you've got a ton of toons lounging about on your character select screen.

Amber Heard


A bombshell actress with brains too, Amber Heard slips into the famed retro bunny ears as the lead in NBC’s The Playboy Club this fall. SheWired has been anxiously anticipating the new series because in addition to Heard being out and in a relationship with a woman (photographer Tasya Van Ree), there’s also the promise of a lesbian Bunny character and storylines addressing the LGBT movements in the tumultuous 1960s.
Heard talked to Playboy magazine about the curve-hugging bunny suit, feminism at The Playboy Club, her on-screen nudity, atheism, and her relationship with Van Ree.
Get to know the woman behind the ears a little better with a few juicy excerpts from the revealing interview now:
PLAYBOY: You play Maureen, a Playboy Bunny, on the new NBC drama The Playboy Club. Now that you’ve spent time in the Bunny suit, you can tell us: Is it really that uncomfortable?
HEARD: It feels about an inch away from death. If it got any tighter, we wouldn’t be able to sit upright. I’m ­serious—it’s that intense. But it looks great when you’re wearing it. Actually, you know what I really love about the Playboy Bunny outfit? It’s all about a woman’s silhouette. Whatever happened to that? Back in the 1960s it was fine to have curves. Do you know how happy I am that I get to keep some of my curves? For once I don’t have to starve myself.
PLAYBOY: There’s a real Playboy Club at the Palms in Las Vegas. If this acting thing doesn’t work out, would you consider working there as a waitress?
HEARD: Oh please. [laughs] No, not so much, though I have nothing but respect for the women who did. Back then it was not an option for women to go out and earn money and support themselves. Marriage was the best and most practical option. What I like about The Playboy Club is that it’s about women who were being independent and earning as much as their fathers. It was their chance to live their own life, to do whatever they wanted on their own terms. The feminist movement is often clouded by Gloria Steinem’s perspective, but to deny women their sexuality is just as chauvinistic. The women who worked at the Playboy Clubs were using sexuality to their advantage.
PLAYBOY: You’ve been naked an awful lot in your movies. Do you have to psych yourself up for a nude scene, or is it no big deal?
HEARD: I approach all my movies with an open mind and a willingness to dive in and do what’s asked of me. But a lot of the nudity in my early movies was out of ­necessity. When I came to Hollywood, I didn’t know anybody. I didn’t have any connections. I did what a lot of people have to do in the real world and just worked from the bottom up. And that meant taking a lot of roles as the girl at the party who loses her shirt. But now I’m doing things I find artistically and emotionally fulfilling. I’m not opposed to nude scenes if they’re appropriate. I’m not against them morally, but I personally no longer find movie nudity to be worth my while. That may change in the future. I’m keeping an open mind, as always, because that’s what you have to do.
PLAYBOY: Even when you’re not naked in movies, you’re at least seminaked. Your Daisy Duke shorts in Drive Angry 3D, for instance, left little to the imagination. Is it true those shorts came from your own closet?
HEARD: Yes, that is true. Those were my shorts. I don’t know if I’m proud of that, but they were. I’ve had shorts like that for a very long time. I can’t remember a time in my life when I didn’t have them. I remember when my Daisy Dukes fit me in a different way. When I was younger and a little slimmer, they were baggy and not so revealing.
PLAYBOY: You went to a Catholic high school but dropped out when you were just 16. Did you leave because of the religion or the uniform?
HEARD: It was a great education but a stifling experience for me as an individual. For as long as I can remember I’ve been the kind of person who goes against the grain and questions authority, and that doesn’t make for an ideal religious follower. I always felt like an outcast at school. I had good friends but none I truly related to. I lost my best friend in a car accident when I was 16, and as you can imagine, it was incredibly tough. But that wasn’t the reason I left school. I’d already been on this path toward questioning religion and questioning my place within it. I had always been a reader and a skeptic, so when I was old enough to break away from organized religion, it just came naturally.
PLAYBOY: You came out of the closet last December, sharing details of your relationship with photographer Tasya Van Ree. As a Hollywood sex symbol, did you notice that the announcement had any effect on your career?
HEARD: First of all, to say I came out implies that I was once in. Let me be straight about that—no pun intended [laughs]—I never came out from anywhere. I’ve always lived my life the way I’ve wanted and have been honest with myself and everyone around me. It didn’t really affect anything in my career. I don’t think the producers and directors I’ve worked with care one way or another. The only frustrating part has been all the media attention. For someone like me who prefers to keep her life as private as possible, it has been disconcerting to have to define so much about myself. I don’t want to be labeled as one thing or another. In the past I’ve had successful relationships with men, and now I’m in this successful relationship with a woman. When it comes to love I am totally open. And I don’t want to be put into a category, as in “I’m this” or “I’m that.”
PLAYBOY: Gay marriage continues to be a contentious issue. If it ever becomes legal, would you be the first in line to get married to Tasya?
HEARD: It’s an important issue, and I’m fighting for the right to get married. [pauses] For other people.

EPL


It's often said that defense wins championships. That old chestnut may well be true, but it only holds in soccer if the goalkeeper can keep down the unforced errors. It's an often overlooked factor, but a safe pair of hands between the posts is to EPL title aspirations what catfights are to the Real Housewives franchise: absolutely essential.


As the Premiership kicks off, the title contenders all have question marks in the goalkeeping department: none more so than defending champions Manchester United. It's a lot to ask a 20-year-old goalkeeper who's new to the league to fill the void left by the retirement of a Dutch master. But at Wembley in the Community Shield last Sunday, David de Gea seemed to pick up exactly where his predecessor Edwin van der Sar left off against Barcelona in the Champions League final on the same hallowed turf in May: Looking decidedly dodgy on letting in a long range salvo that shouldn't have been allowed to hit its mark.
Sir Alex Ferguson has few weaknesses as a manager, but replacing goalkeeping legends might be one of them. The good knight fielded 10 different goalkeepers (and no doubt lost many a good night's sleep) between Peter Schmeichel's retirement in 1999 and van der Sar's debut in 2005. One of those keepers, of course, was Tim Howard. The New Jersey native established himself as one of the league's best after moving from Old Trafford to Goodison Park in 2007, but it's unlikely Everton will feature in the title race this season.


On the red side of Merseyside, there is renewed hope for a title tilt. An unscientific poll I conducted among some of my ESPN colleagues (past and present) revealed overwhelming support for Pepe Reina as the EPL's best goalkeeper. And for Liverpool to have any shot at a record-tying 19th title, he'll have to be.


It would help new Chelsea boss Andre Villas-Boas escape the Stamford Bridge shadow of his mentor Jose Mourinho if Petr Cech got back to cutting off dangerous crosses instead of instigating the occasional penalty-area game of follow the bouncing ball. Cech has come up big many, many times for Chelsea over the years, but there is every chance he'll take his eye off the ball once or twice this season and that could prove costly.


The football follies have been a feature of the tenure of Brazilian keeper Gomes in the White Hart Lane goal, and factored in Spurs missing out on a Champions League berth. A bit like the fabled "Little Girl With A Curl," Gomes has plenty of very, very good moments, but when he's bad -- well, horrid hardly begins to describe some of his howlers. Enter another American EPL stalwart, Brad Freidel. At 40-years-old, the Buckeye stopper is double the young de Gea's age and doesn't have the razor sharp reflexes of his salad days at Blackburn (if that's not too much of an oxymoron), but he still commands the penalty area with an authority that his backline benefits from. It will be interesting to see who gets the starting nod from Tottenham manager Harry Redknapp.


Across North London, Spurs archrivals Arsenal is distracted by the Cesc Fabregas and Samir Nesri transfer sagas, but as always Arsene Wenger is putting his faith in youth. He seems set to put his last line of defense in the hands of 21-year-old Wojciech Szczesny. Gunners' fans are a bit up in arms about Wenger's continuing youth policy. They will be hoping the young Pole doesn't give them more ammunition.


Joe Hart will be making more money at Manchester City, having just signed a new contract. And in sports that can sometimes make a player relax. Hart was outstanding at the beginning of the last campaign, but displayed some chinks in the armor down the stretch. And after less than stellar performances against Switzerland in June and Manchester United in the Community Shield, Roberto Mancini will want to see normal service restored as the new season gets underway.


Goalkeepers, of course, are a different breed. Like closers in baseball, they stand alone with little margin for error. This EPL season, their mistakes will not only be magnified more than ever, they will be more critical than ever. My only predictions for the season are that my beloved Baggies will get more points than Swansea City, and that the title race will be tighter than a Joan Rivers facelift.


The title contenders will be looking over their shoulders all season: checking out the opposition, and often their own goalkeeper. They all know the team with safe hands at the back will most likely end up at the front.

Berlin Wall


Fifty years ago today, the Berlin Wall was erected in haste across the bleeding heart of Germany's capital. The sudden and speedy construction of this East-West divide on the night of August 13, 1961, caught many Berliners by surprise, and those that tried - with increasing futility - to circumvent the barrier often became its victim.
These victims - not only those killed or imprisoned trying to cross the wall, but families separated by the partition for more than a generation – are commemorated at a newly upgraded Berlin Wall Memorial. With the German chancellor and president attending such a memorial for the first time, it is an unprecedented act of remembrance since, while Berliners have been happy to celebrate the fall of the wall, most have wanted to forget about its construction.
From the moment the Berlin Wall fell on November 9, 1989, Berliners not only rejoiced, but also quickly tried to remove every trace of their so-called Schandmauer, or "Wall of Shame".
"It was like, grab a hammer and knock it down. Get rid of this, just tear it down," remembers Martin Hirsch, only a teenager at the time. From what he can recall, no-one gave much thought to preserving any of the wall, or commemorating it.
Hirsch was born in West Berlin, but his parents had escaped into the enclave city from East Germany in the late 1950s. When the wall went up in August 1961 - an act of desperation by the GDR regime to stem the daily exodus of 1,500 East Germans into the West - Hirsch's grandmother was caught in the East. Though his father was later able to pay US diplomats to smuggle her to the West in the boot of a car, other family members never made it. By 1989, the Hirschs couldn't wait to purge their wall.
But from the other side of the wall, some felt differently. "My mother cried for hours when the wall fell," says Norbert Polster, a 37-year-old East Berlin native who spent his first 16 years in an apartment that faced the wall. His mother had worked faithfully for East Germany's ruling Socialist Unity Party (SED) and loved her country. "She was very sad. With the wall gone she lost her beliefs, her life, her job," says Polster.
Polster's mother, who has remained unemployed since the GDR regime collapsed, will not commemorate August 13. "It's not just one day. She spends her whole life thinking about it," he says.   

The politics of remembrance
Hope Harrison, associate professor of history at George Washington University, was flying to Berlin from New York the day the wall fell. Unaware of the sudden turn of events, she listened, stunned, as the pilot announced that they "were about to fly into history".
Then working on her PhD, Harrison soon scoured newly accessible Soviet and East German archives to write a definitive history of the politics behind the building of the wall. Today she is back in Berlin, and is trying to understand the recent shift in Berlin's approach to the wall's commemoration.
"It went from: 'Get rid of it, we never want to hear about it again'; to: 'Wait a minute, this is a really important part of our history and we need to remember it and teach our children and our grandchildren about it'," says Harrison.
"The wall was literally standing in the way of connecting streets, and metro stations, and canals, and rivers. On both sides the feeling was: 'Let's rebuild the city of Berlin, let's look to the future and not the past.'"
In 1990, only a few Berliners fought to preserve parts of the wall. Prominent among them was Willy Brandt - Mayor of West Berlin when the wall was built, and later West German Chancellor - who was convinced that future generations would forget the wall's significance once it was gone. Few listened to him.
Another advocate for preservation was Manfred Fischer, who remains the Pastor of the Church of Reconciliation that once lay in the path of the wall. "He literally sometimes stood in front of the wall preventing bulldozers from removing it, saying we have to have a commemoration, a memorial," explains Harrison.
For a long time, Germans argued that commemorating victims of the GDR regime would mean downplaying those that suffered under the Holocaust - for many, the latter was a far more serious historical legacy.
But the impasse on how to appropriately memorialise victims of these two 20th century dictatorships was finally resolved via a resolution in the German Federal Parliament in 2008.
"They basically said, we can commemorate both without downplaying the uniqueness of the Holocaust, and without belittling the crimes of the East German regime," says Harrison.
With money already allocated by Federal and State governments to better preserve vestiges of the wall, and to create a more significant memorial for the victims, the real work of reconciling this past, so often avoided by Berliners, could begin - nearly 20 years after the Iron Curtain folded.
The 'death strip'
Bernauer Strasse [street] in central Berlin was a key watermark throughout the 28-year history of the Berlin Wall. This was the scene of the infamous moment - captured on film - where a defecting East German guard, Conrad Schumann, leapt across the barbed wire of a fledgling wall into the promise of West Berlin.
Here also, desperate East Berliners jumped out of their apartment windows into the West - until their escape hatches were bricked up.
Later, in 1985, the towering, neo-gothic Church of Reconciliation, a monument long stranded in the "Soviet occupation zone" on the Bernauer Strasse "death strip", was razed - since, used as an observation tower and visible from the West, the symbol of the church-turned-military base was seemingly bad PR for the regime - the aforementioned Pastor Fischer, overseas at the time, was not even told his marooned church was to be flattened.
The Polster family too lived up the road from Bernauer Strasse, along the same stretch of wall - meaning Polster's father, a policeman, could easily, often late at night, attend to trouble on the border. This was a few blocks up from where the first wall crossing opened so exuberantly in 1989.
Some traces of the wall survived in Bernauer Strasse, due in part to the work of Pastor Fischer, who built a new church on the site of the one he lost. There, amid remnants of the main wall, and the smaller inner walls that sectioned "the death strip", Fischer established the first Berlin Wall Memorial in 1998.
But what was a humble memorial site has become a major city monument in recent years as government and citizens have come around to the idea of commemorating the wall.
When German Chancellor Angela Merkel, attends the 50th anniversary commemoration of Mauerbau ["wall building"], a large second stage of the memorial will be unveiled as a symbol that the city has begun to reconcile this past - compared, however, with the extravagant 20 year fall of the wall celebrations nearly two years ago, this event will remain relatively circumspect.
Reconstruction?
Axel Klausmeier is the director of the Berlin Wall Foundation, which manages the Berlin Wall Memorial. From his third floor office, you look directly across at arguably the most pristine section of the wall, including an original guard-tower - one of only a couple that survived the wall's rapid deconstruction.
"We bought that tower on eBay," Klausmeier explains, adding that it had been authentically repositioned on an original concrete base.
These remnants are hard to find, and Klausmeier, who, in 2001, executed the first detailed inventory of the scant remaining traces of the wall, knows how difficult it can be to satisfy a wish - especially among tourists - to see more of Berlin's most renowned monument.
But while some have pushed for reconstruction of the wall, Klausmeier, and the architects who won a 2007 competition to build the memorial, have been adamant that any rebuilding would be in bad taste. "We said we can not possibly reconstruct the sheer horror and the fear that the wall produced," says Klausmeier.
Instead, breaks in the original wall have been re-imagined using rusted metal columns spaced apart to allow visitors to walk among them. Meanwhile, metal lines in the ground mark the inner walls. Wandering around, one appreciates the elaborate and intractable scale of what the GDR euphemistically called "the anti-Fascist protection barrier".
The best-known landmark at the site - part of the first section that opened in 2009-10 - is the Window of Commemoration, showing images of all 136 "known" people killed, usually shot dead, while trying the breach the wall. The memorial also honours the larger numbers who languished in prisons for attempting to penetrate the barrier.
Visitors to the site seem to feel its importance. A British couple who spoke to Al Jazeera were glad they'd finally found part of the wall at Bernauer Strasse - none of the wall survives, for instance, at the iconic Checkpoint Charlie.
"It's good the way you can see where people jumped out of buildings. You get a sense of what actually happened here," they said. The couple seemed visibly affected. "The people went through so much, it really should be remembered. It's a pity that they tried to black it all out."
The service of memorial
But talk to Berliners who grew up with the wall, and attitudes to memorials and commemorations are mixed - indeed, a survey released this month [Deutsche] showed that one in five East Berliners - and more than a third of all Berliners - believe the building of the wall was justified.

"It's only recently that they feel we ought to do this. It feels manufactured, like there's no real emotional background to it," says Anne Wizorek of the August 13 commemoration.
Wizorek, 29, grew up in the suburbs of then East Berlin and remembers chipping away at the wall with hammers alongside her family in 1989 - chunks of the wall were sent by the Wizoreks as presents to family in the West before the divided clan were finally reunited that Christmas.
Wizorek, who still lives in East Berlin, says the Berlin wall is "overly fetishised". "It's much bigger than just the wall. Maybe [it] tells people more about the daily life in the GDR than just the crimes," she says.
Interestingly, Wizorek has never properly visited the Berlin Wall Memorial. Norbert Polster has never visited the site either, even though he grew up just metres away.
It's as if the initial ambivalence about remembering the wall remains for those who lived on either side of it.
Polster, who, like his mother, despaired that the wall collapsed, is now glad it's gone; but he's not sure about how to commemorate it.
"It's important to remember that walls are not the answer. But it's also important to remember all the walls in the world. In Berlin the wall fell, but in Gaza the wall remains, and between the USA and Mexico there's also a wall," he says.
"I think it would be nice to remember the Berlin wall, but also to remember all walls that exist today."

Dennis Rodman


Recognized for his basketball talents, Dennis Rodman instead talked about his personal shortcomings.
He hasn't been a very good husband or father. His relationship with his mother has been strained.
But he had four men he could turn to no matter how hard times got.
Choking up often during an emotional speech, Rodman was enshrined in the Naismith Memorial Basketball Hall of Fame on Friday night, giving a look at what's underneath all the tattoos and outrageous outfits that he became as famous for as anything he did on the court.
"I didn't play the game for the money, I didn't play the game to be famous," he said. "What you see here is more just an illusion that I love to just be an individual that's very colorful."
Arriving at Symphony Hall in a gray suit, feather-lined cowboy hat and giant white sunglasses, he changed into another outfit for his speech, a red scarf and black jacket commemorating theDetroit Pistons and Chicago Bulls, the teams he helped win five NBA championships.
He thanked commissioner David Stern and the NBA community "to even just have me in the building" and saved his deepest appreciation for coaches Phil Jackson and Chuck Daly, Los Angeles Lakers owner Jerry Buss and James Rich, whose family took Rodman in after his mother threw him out of the house.
Rodman described them as "a mentor, a father, somebody you can look up to and call any time of day" who ignored his antics and "looked at an individual that had a good heart." His own father left when he was young and they never reconciled.
Jackson stood nearby as Rodman's presenter, and Rodman approached his former coach a couple times as he struggled to get his words out.
The enshrinement of the flamboyant rebounding and defensive specialist capped the enshrinement of the 10-member class of 2011. Chris Mullin, the two-time Olympic gold medalist, opened the night as the other headliner.
The class also included coaches Tara VanDerveer, who has led Stanford to two national championships and won more than 800 games; Tex Winter; and Division II Philadelphia University coach Herb Magee, the career leader at the collegiate level with more than 900 wins.
Eight-time NBA champion Tom "Satch" Sanders; big men Artis Gilmore and Arvydas Sabonis; the late Reece "Goose" Tatum of the Harlem Globetrotters; and women's star Teresa Edwards, who won five Olympic medals -- four golds -- and is entering her fifth Hall of Fame, were also honored.
Much of the attention was on Rodman, who stole the show for what he said instead of what he wore.
He apologized to his mother, who was in the crowd that didn't know quite what to expect from the always-entertaining Rodman but probably wasn't expecting to see such a look inside of him. He said he was like so many players who fought to get out the projects and make something of himself.
"I did that, but it took a lot of hard work and a lot of bumps along the road," Rodman said.
Mullin's journey began in New York.
A five-time All-Star with one of the game's best jump shots, he earned individual enshrinement after he was inducted last year with the 1992 U.S. Olympic Dream Team and also won a gold medal at the 1984 Olympics.
The left-hander followed a decorated amateur career by scoring more than 17,000 points in the NBA. The New York City product recalled his hometown in his speech, saying, "Looking out, I realize I'm a long way from Flatbush Ave., but Brooklyn's definitely in the house tonight."
He stayed home to play in college at St. John's and was presented for enshrinement by his coach, Lou Carnesecca.
"I chose the best coach in the best city, and I played in the world's most famous arena," Mullin said.
VanDerveer called her enshrinement an "exciting homecoming for my mother, Rita," because her parents met at Springfield College. She ignored her father's pleas to focus on her algebra homework instead of basketball, learning from whatever coaches she could and going on to win a gold medal coaching the 1996 U.S. women's Olympic team.
"Thank you, Hall of Fame, for honoring my life's work," she said. "I'm forever grateful."
The induction of Rodman and Winter, the architect of the triangle offense, brought back Scottie Pippen and other players and coaches from the Bulls dynasty of the 1990s. Winter, an assistant to Jackson on nine NBA championship teams, has been slowed after a stroke and struggles with his speaking -- his son, Chris, gave a lengthy speech on his behalf -- but felt well enough to make the trip for the weekend and what many considered overdue enshrinement.
"We're really excited for him. I know he is to. He's very happy about it," Jackson said before the ceremony. "He's been jumping the gun all night and all day yesterday, so I think it's a good time for him to do it, even though I wish he could express himself and say what he really has on his mind."
Sabonis, a dominant player in Europe long before he finally came from his native Lithuania to the NBA at 31, was presented by Bill Walton, who had described the versatile center as a "7-foot-3 Larry Bird." Later came the enshrinement of Gilmore, an ABA champion who went on to make six All-Star teams in the NBA, where he is still the league's career leader with a .599 field-goal percentage.
"Millions of people have laced up their sneakers since Dr. Naismith invented the game several miles from here in 1891 and every one of them would love to be in my shoes today," Gilmore said.

Furosemide


The American Graded Stakes Committee has approved a measure to require that the diuretic furosemide be banned in 2-year-old stakes in 2012 for the races to remain eligible for the grades it assigns, the committee said on Wednesday, upping the ante in a struggle that is pitting many owners and breeders against trainers on the issue of the race day use of drugs.
In a statement, the chairman of the committee, which is administered by the Thoroughbred Owners and Breeders Association, said that TOBA would begin to work with the six states where racetracks conducted 2-year-old graded stakes in an effort to rollback the rules that currently allow all horses to be treated with furosemide on race day. Furosemide, which is commonly known as Lasix, is used to treat bleeding in the lungs.
"We view this as a positive step for the elite-level horses that will race in graded stakes, the ones most likely to perpetuate the breed," said the chairman, Dr. J. David Richardson.
The six states are New York, California, Kentucky, Illinois, Louisiana, and New Jersey. The vast majority of the stakes are held in New York, California, and Kentucky, where regulators have already said that they are re-assessing the state's race day medication policy.

Friday, August 12, 2011

Lowes


Lowe’s Companies Inc. (NYSE:LOW) , the world’s second largest home improvement retailer, is scheduled to report its second-quarter 2011 financial results on Monday, August 15, 2011. The current Zacks Consensus Estimate for the quarter is 67 cents a share. For the quarter under review, revenue is $14,743 million, according to the Zacks Consensus Estimate.
First-Quarter 2011, a Synopsis
On May 16, 2011, Lowe’s posted lower-than-expected first-quarter 2011 results, reflecting sluggish economic recovery and difficult comparison on account of government stimulus programs that benefited the prior-year quarter.
The quarterly earnings of 34 cents a share missed the Zacks Consensus Estimate of 36 cents and remained flat compared with the prior-year quarter. The quarterly earnings was at the lower end of the company’s guidance range of 34 cents to 38 cents a share.
Net sales for the quarter inched down 1.6% to $12,185 million from the year-ago quarter, and also fell short of the Zacks Consensus Estimate of $12,515 million.
Second-Quarter & Fiscal 2011 Guidance
Management now expects sales to increase approximately 4% in the second quarter and fiscal 2011, respectively.
Second-Quarter 2011 Consensus
Analysts considered by Zacks, expect Lowe’s to post second-quarter 2011 earnings of 67 cents a share, reflecting a growth of 15.5% from the year-ago quarter. The current Zacks Consensus Estimates for the quarter range from a low of 63 cents to a high of 69 cents.
Zacks Agreement & Magnitude
Of the 23 analysts following the stock, four analysts revised the estimate downwards in the last 30 days. However, it had no material impact on the Zacks Consensus Estimate for second-quarter 2011. In the last 7 days, three analysts revised the estimate in the downward direction leaving the Zacks Consensus Estimate unchanged.
Mixed Earnings Surprise History
With respect to earnings surprises, Lowe’s has topped as well as missed the Zacks Consensus Estimate over the last four quarters in the range of negative 5.6% to positive 16.7%. The average remained at 3.2%. This suggests that Lowe’s has beaten the Zacks Consensus Estimate by an average of 3.2% in the trailing four quarters.
Lowe’s Holds Zacks #4 Rank
Currently, we have a ‘Neutral’ rating on the stock. However, Lowe’s holds a Zacks #4 Rank, which translates into a short-term ‘Sell’ recommendation.
Lowe’s boasts a proven strategy of investing in stores to enhance customer-shopping experience by improving point-of-sale and directional signage, while adding more product selection. The company’s sustained focus on Everyday Low Prices, New Lower Price, Go Local and Specialty Sales initiatives, have helped it to grow its market share.
The company notified that in the coming few years, it plans to concentrate more on private label brands, with a target of increasing its penetration to 18% from 15% currently. We believe that the company’s increased focus on private label products should facilitate margin improvement.
However, Lowe’s in the home improvement retailing business faces stiff competition from The Home Depot Inc. (NYSE:HD), The Sherwin-Williams Company(NYSE:SHW) and other home supply retailers on attributes such as location, price and quality of merchandise, in-stock consistency, merchandise assortments, and customer service. This may weigh upon the company’s results.
Further, Heavy job losses and reduced access to credit have lead to a sharp fall in consumer discretionary spending on big-ticket items. Although the economy is showing signs of revival, we believe that spending on big remodeling projects will likely remain under pressure until the housing market stabilizes and consumer-spending rebounds.