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Non-Tech : Home Depot (HD)
HD 362.30-1.6%Nov 14 9:30 AM EST
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To: Carter Patterson who wrote (262)7/7/1998 9:30:00 AM
From: MFahsel  Read Replies (1) of 1169
 
It appears to me that, although the analysts have always liked HD, they are now holding it in even higher esteem. I think one reason for this is their belief that earnings growth in the mid 20% range is sustainable for the company. Another reason may be the fact that HD may actually benefit from the Asian flu - in terms of the exchange rate and lower priced goods.

Unless the PE expands beyond 60 I'll stay long on HD, and then I'll only sell with the hope of buying back at a lower price.
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