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Non-Tech : Home Depot (HD)
HD 333.91-0.8%12:59 PM EST
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To: Keith Fauci who wrote (41)9/2/1997 7:44:00 PM
From: B Hewson   of 1169
 
I might wait for a better opportunity to buy. I was in it briefly but it hasn't done much. One analyst putout a short term sell, don't know reasoning. Note that earnings expansion this Q not as high as prior Q. 24 percent vs. 32, I think (sequentially). Also they don't buy thier stock back, which makes it move more slowly. I listened to the conf call and all is terrific, no question. Just fully valued right now, but if the big stocks get back in gear, maybe it's the place to be.
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