Stephen Simpson, CFA
Long only, growth at reasonable price, value, research analyst

Even Near A 52-Week High, Investors Expect Little From Home Retail Group

Imagine a combination of Service Merchandise, Best Buy (NYSE:BBY), and an overgrown ACE Hardware (or shrunken Home Depot (NYSE:HD)) and you get into the neighborhood of what the UK's Home Retail Group (OTCQX:HMRTY) is about. Combining Argos, a former trading stamp and catalog retailer that has transformed into a multichannel retailer, and Homebase, a home/garden-focused home improvement chain, Home Retail is a share leader in many parts of the UK retail market.

Home Retail Group is not a particularly popular stock in some respects. The shares are up more than 70% this year, but down 10% over the past five years and the shares trade at levels that suggest minimal growth and near-constant...

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