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Non-Tech : Home Depot (HD)
HD 333.91-0.8%12:59 PM EST
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To: J. Chayo who wrote (61)10/19/1997 7:02:00 PM
From: MFahsel   of 1169
 
There's no doubt in my mind that HD is one of the best growth stories in the market today. I bought HD in 1990 and will remain in this stock for the long haul. However, I think that the stock is fairly priced, or possibly even overvalued in the mid $50's. Why should a company growing at a rate of 25% annually trade at a PE of 37? I do think that HD will trade at 83, but not for another 18 - 24 months. Here's to hoping I'm wrong!!! Any thoughts?
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