Wednesday, October 30, 2013

Home Depot: Little Room for Growth

home-depot

Home Depot (HD) is one of the world’s largest retailers of home improvement goods and services. It is a cyclical company whose performance has a direct correlation with the US housing industry. It was founded in 1978, and it currently operates around 2,260 stores throughout the US, Mexico and Canada.

Rising Growth Rates

Home Depot’s stock price has risen approximately 250% since January 2009, following an improvement in housing construction activity. The company’s same store sales (SSS) started improving from the first quarter of fiscal year 2011 (1QFY11), and SSS growth rose 10.7% YoY in 2QFY13. Read More :  HD

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