Wednesday, March 19, 2008

Barron's says Home Depot Could Get Hammered

Nice work ANALyst, making a call when soccer moms are busy predicting next economic moves -

WE ARE LOWERING OUR rating on shares of Home Depot, which is based on a six-month outlook, from Market Perform to Underperform, and we believe investors should sell the stock.

We are also lowering estimates as we believe recent macro data suggest that the home-improvement cycle is a long way from the bottom. The company's monthly same-store-sales results decelerated as the most recent quarter progressed and were down 10.8%


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