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Strategies & Market Trends : Dave Gore's Trades That Make Sense

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To: Dave Gore who wrote (12932)9/26/2002 9:34:58 AM
From: Dave Gore   of 16631
 
FWIW - Raymond James on HD ------- "Strong Buy!"


Shares of Home Depot (HD) are rallying 40 cents to $28 in pre-open trading on regional exchanges after Raymond James reiterated its "strong buy" rating on the stock." Analyst Budd Bugatch believes increased inventory investment, improved valuations and better store management should help the home improvement retailer's third quarter business. He noted that the shares have reached "all-time low valuations" on price to earnings and price to sales, suggesting potential negatives are already priced in...
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