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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: mishedlo who wrote (32693)2/23/2002 11:46:54 PM
From: ajtj99  Read Replies (1) of 99280
 
Wow, nice post, Mish. You put a lot of thought into that. As for the housing bubble, I look at Home Depot and Lowes and I see two retailers who are building stores like only one of them will survive. I think we'll see HD closing 250-stores in a couple of years. Their stock is a bubble. A large percentage of their profit comes from free merchandise from new store openings. Stop the expansion, and a huge profit center disappears.
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