Home Depot is taking the right steps given the environment. No one is immune from that environment.
You can't get shower curtains in a Home Depot. You can at Lowe's,
Overall, (Best Buy) reported solid fourth-quarter results, although the bottom line was not as strong as the 'whisper' numbers.
(Best Buy's) quarter was disappointing. While (Best Buy) is clearly focused on reducing expense growth, this issue will continue to weigh on fourth-quarter results, thus limiting the upside in a solid environment.
Best Buy is one of the strongest retailers in the U.S. today. It is dominating in its core big-box consumer electronics format and has three-to-four more years of continued store expansion, which will add over $2 billion to revenues annually.
Even Home Depot's generally positive meeting yesterday was somewhat marred by the release of poor December housing starts.
January and February is actually a pretty important time of the year for the TV cycle.
He probably wants to crank it back a notch.
We hope they don't spend a lot of shareholders' money building a fancy building.
You've got ying and yang going on here. You've got a decent company-specific story and confidence with the strategy, but you also have an incremental worsening situation on the housing front and no visibility into any good news.
