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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (8371)	2/20/2004 12:40:51 PM
From: ild	Read Replies (1) of 110194

Russ, question to you. From SSB research on LOW/HD In addition to weather patterns benefiting comps, a recent report out of major supplier Masco provided further evidence that the fourth quarter was a strong one at the major retailers. According to the company’s Friday earnings release, combined sales to Home Depot, Lowe’s, and Wal-Mart increased 22% in the fourth quarter, compared with an increase of 8% in the third, 6% in the second, and 4% in the first. Do you think 22% increase in Masco sales to retailers in the fourth quarter was result of higher prices or higher units?

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