Although a potential transaction does not appear to be in the cards anymore, at current valuations, we believe the stock is reasonably valued. |
Existing home sales have slowed. Softness here is a forward-looking concern to be monitored. |
Home Depot is headed for a stall. |
Walgreen appears to be gaining share from weaker chains, while 2006 should see benefits from the higher-profit generic transition cycle and potential Medicare traffic. |
We think Home Depot is headed for a stall. |
We've seen some existing home sales figures starting to look weak or negative. That's usually followed by a slowdown in sales at Home Depot or Lowe's after a six- to nine-month lag. |