Home Depot Looking Shaky
When real-estate bubbles are inflating, it always seems as though they can continue forever. History tells us that has never been the case -- and shares of Home Depot (HD) are generally a leading indicator of the coming change in property values.
Home Depot stock climbed steadily from its $20.10 bottom in 2003 to the $44 peak in 2005. Within that up cycle, earnings per share didn't peak until fiscal 2006 (ended Jan. 31, 2007) for the home-improvement giant. The shares, however, plateaued about two years before the profit began to fall....456 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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