Watchlist: Home Depot Tuesday, May 20, 2008
Posted by ei-forum in US Traded Stocks.trackback
It is only a matter of time before the housing market picks up again and despite this slowdown, even the houses that are being foreclosed need to be fixed-up. Home Depot (HD) is ideally placed to reap all potential gains and is paying a healthy dividend while you wait.
Ahead of earnings and as a long-term buy-and-hold, we would be looking for a miss and therefore share price decline to open a position.
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