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  "documentTitle": "Lowe's Companies, Inc. (LOW)",
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  "authorName": "Pershing Square Capital Management",
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  "presentationDate": "2011-11-08 00:00:00",
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      "kind": "callout",
      "text": "Based on its recent underperformance, Lowe's trades at a discount to Home Depot on both LTM and 2012 multiples",
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      "text": "Based on its recent underperformance, Lowe’s trades at a discount to Home Depot on both LTM and 2012 multiples",
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      "text": "(1) For Lowe's, Cash & Investments are net of restricted cash balances.",
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      "text": "Memo: Capitalization table showing stock price, shares, market cap, debt, cash, and enterprise value for both companies.",
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