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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: Neon who wrote (277)7/11/1998 8:35:00 PM
From: Joseph Francis Torti  Read Replies (1) of 1169
 
I hate to burst your bubble but Raymond James might be right about that call. If you check Home depot charts the last ten years and I think you can find one on any financial site. You will see Home Depot
I have a chart in front of me it shows home depot from 1992-till 1996 home depot range was about the low of 20 to a high of mid 30.00. And from that point from 1996 to the beginning of 1997 it trade from mid 20.00 to high 30.00. Then from Jan 1997 it skyrocket from mid 30.00 to 99.00 pre-split. Home depot average P.E. for the last three years in this great economy was averaging 28. For the last ten years it was averaging a P.E 32. Homer Depot P.E. is presently above 60. The highest Home depot P.e. history was in 1993 and it was 63. I do not recall how the economy was at that time but I can say the outstanding shares was a whole lot lower then so it justify the high P.E. then. So even though Home Depot could do an internet like stock price rise for the remainder of the year. It is fundamentally overpriced and I figure a growth rate of 23% per year it would bring home depot P.E. back in line with the 32 average in the year Jan 2001. So another words we are paying for Home Depot's earnings in 2001 right now. Scary isn't it. ALL THIS IS JUST IMHO. JOE
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