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Hey WC,
Oct 05 23:05 pm
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All Comments by Ha »Home Depot: Look for Improvements [View article]
Kevin here. The macroeconomic issue of housing certainly plays an issue. The company has already said 06 #s should come in on the low side of issued guidance. That said, it's clearly a sector-wide issue as Lowe's, arguably the better company, has made similar announcements.
That said, I think the issue is probably priced in at this level and EPS/sales growth should still be positive.
Just my thoughts,
Kevin Kelly
ValueBlogger.com