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


To: Linda Pearson who wrote (495)2/3/1999 8:00:00 PM
From: robin 187  Read Replies (1) | Respond to of 1169
 
Does anyone out there have any insight into how HD should do this earnings period? I believe they report mid February. I was dissappointed to see the stock retreat from 61 again. I was worried that we were going to retest the support area of 55 but todays action was encouraging. I was expecting a better run into earnings. Any thoughts?

Robin



To: Linda Pearson who wrote (495)2/8/1999 1:09:00 PM
From: Al Cano  Respond to of 1169
 
Warm Weather is Good for HD. HD will beat est. by at least 8% if not higher.

I believe, HD will have a very good quarter due to several factors.
- the warmer weather has a positive effect on sales.
- home owners are fixing their homes.
- slight increase in home building due to weather.

Note: this period is usually a slow period. I believe, they should a very good quarter. Nonetheless, Wall Street are currently debating the interest rates, and HD might not get the noticed it deserves. In addition, HD increased their dividends last quarter. = they are making money.......

Regards,

Al