We're Avoiding Retail Now, But Especially Home Depot
- We urged caution at the beginning of the month due to the "unknowns" behind Home Depot's data breach. It's now being reported 56 million cards were affected.
- We're uneasy about retail as a sector, as brick-and-mortar stores continue to face an ugly fate at the hands of online retailers.
- At a plump valuation of 22x TTM earnings, we're avoiding Home Depot.