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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: P.M.Freedman who wrote (484)	1/10/1999 3:52:00 PM
From: mauser96	Read Replies (1) \| Respond to of 1169

At present prices Home Depot does seem a bit overvalued. However, one thing I have learned in 25 +/- years of investing is that value, like beauty, is not an absolute but exists only in the eye of the beholder. Since I didn't buy it at present prices, I have a comfortable profit cushion. Would I buy it at today's prices? Probably not, but institutions will, because they have to keep buying all the time. As long as new money keeps flowing into the a market dominated by giant institutions, large liquid growth companies will command a big premium.