Gabelli expects housing starts to continue growing in 2012, and sees this trend as a positive...

|By:, SA News Editor
Gabelli expects housing starts to continue growing in 2012, and sees this trend as a positive for Lowe's (LOW +1.4%). Moreover, given Lowe's generates much of its sales from heavy items such as appliances and building materials, the firm doesn't expect online retailers to do much damage to its business.