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Strategies & Market Trends : Value Investing
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To: Mark Marcellus who wrote (16062)1/3/2003 7:28:25 PM
From: Larry S.  Read Replies (2) of 78583
 
HD is going to lose institutional support. That means there will be large sellers and continued selling pressure, imo. HD is probably attractive in high teens or low 20s, but i don't see any impetus for the stock to make any significant moves. I think we are seeing an overbuilding of these stores, both HD and LOW, which are cannabalizing existing business. the real losers will be the small, independent hardward and lumber companies. larry
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