Piper Jaffray weighs in on home improvement giants Home Depot (HD) and Lowe's (LOW), taking its...

Piper Jaffray weighs in on home improvement giants Home Depot (HD) and Lowe's (LOW), taking its rating on both companies up to Overweight from Neutral. The bullish optimism was prompted by a proprietary survey from the firm that indicates homeowners want to spend more on home improvements this year.

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  • jthorn5656
    , contributor
    Comments (24) | Send Message
    So where do I go to read the article? Had heard someone at church yesterday say the Home Depot store was always dirty and cluttered. My wife's comment was, "What do they expect when you are in a warehouse?" Reality might as well start setting in. The customer wasn't in the garden section. 60% of Home Depot's business is in gardening. Therefore, logically thinking, 60% of Home Depot's effort is in keeping the garden area well-supplied and clean.
    Customers have to live in their houses longer due to not being able to afford to move up in housing cost and size. Why build a 4,200 square foot house when you really only need 2,000 square feet. This obsession with buying bigness is subsiding. Environmental concern, safety, security, health and saving dollars should be current priorities. Having a pretty front yard with curb appeal doesn't hurt anything either. Was kidding with someone and said that I should destroy my front yard and only have sand on it. I could put up a beach umbrella and pretend that my front yard was a beach. Wonder what some people will say about all of this.
    16 Apr 2012, 08:33 AM Reply Like
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