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

HD Supply Seeing A Turn In Non-Residential Construction

It may yet be early for all-clear on HD Supply (NASDAQ:HDS), as "green shoots" could easily get trampled, but the company does seem to have its guidance dialed in better and underlying results are looking better. There's still some comp-group noise that has me questioning the sell-side's apparent love for this stock, but the valuation and opportunity seem in reasonable alignment these days.

Results Continue To Suggest Improvements In Construction

HD Supply reported nearly 7% revenue growth for the fiscal fourth quarter, with organic growth only slightly below the reported growth rate. Maybe an in-line result seems like no big deal, but recently monthly sales performance at Grainger (NYSE:GWW) and Fastenal (NASDAQ:FAST) had analysts...

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