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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (32767)	2/24/2002 11:01:50 PM
From: mishedlo	Read Replies (1) \| Respond to of 99280

Wow, nice post, Mish. You put a lot of thought into that. As for the housing bubble, I look at Home Depot and Lowes and I see two retailers who are building stores like only one of them will survive. I think we'll see HD closing 250-stores in a couple of years. Their stock is a bubble. A large percentage of their profit comes from free merchandise from new store openings. Stop the expansion, and a huge profit center disappears. Thanks aj and I did forget to thank Zeev for his "double dip" idea that was mentioned in my post. Some of those ideas were mine but others were ideas that I incorporated from others on SI and elsewhere. I was responding to a poster that thought the consumer could prop up the market indefinately and I thought that was totally nuts. It took me at least 1 hour to write that post. Hope others here enjoyed it. So far you seem to be my biggest fan (on almost all my posts). Can you explain "free merchandise"? Thanks M