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 not being reported 56 million cards were effected.
- 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.