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Home improvement retailer Lowe's (NYSE: LOW) said Friday its fourth-quarter profit fell 60% from a year ago, as consumers continued to shy away from big-ticket items, such as appliances and cabinetry.

Lowe's said it earned $162 million, or 11 cents per share, in the quarter ended Jan. 30 -- down from earnings of $408 million, or 28 cents per share, last year. Revenue fell 4% to $9.98 billion as same-store sales, a key measure of performance since it tracks growth at existing stores rather than newly opened ones, dropped 9.9%.

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The Lowe down originally appeared on BloggingStocks on Mon, 23 Feb 2009 16:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dlugoschhome improvementhome improvement stockshome improvement storeshome repairhome repairsHomeImprovementHomeImprovementStocksHomeImprovementStoresHomeRepairHomeRepairsMon, 23 Feb 2009 16:45:00 EST<![CDATA[Best Stocks for 2008: Value shopping at Home Depot (HD)]]>http://www.bloggingstocks.com/2007/12/20/best-stocks-for-2008-value-shopping-at-home-depot-hd/http://www.bloggingstocks.com/2007/12/20/best-stocks-for-2008-value-shopping-at-home-depot-hd/http://www.bloggingstocks.com/2007/12/20/best-stocks-for-2008-value-shopping-at-home-depot-hd/#commentsFiled under: , , , ,

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

"Our favorite conservative pick for 2008 is Home Depot (NYSE: HD)," says Daniel Frishberg, editor of The MoneyMan Report and host of BizRadio.

"This is a stock that has been beaten down due to the weak housing market. We believe, based on the fact that it owns most of the real estate its stores sit on and these are typically in the best areas of town, that it's undervalued.

"With new management in there and a housing market that will stabilize, home improvement will do very well over the next several years. Home Depot typically trades at 14X cash flow since 1995. Based on that one parameter, the stock could be a double over the next couple of years.

"The company's balance sheet is in excellent shape at this point. We believe most of the bad news is priced in and with a Fed that will continue to cut interest rates, Home Depot will be an economically sensitive stock that will benefit. In our view, this is a 2-3 year hold.

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Best Stocks for 2008: Value shopping at Home Depot (HD) originally appeared on BloggingStocks on Thu, 20 Dec 2007 14:12:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>best stocks 2008bizradioconstruction stocksdaniel frishbergDanielFrishbergfeaturedhdhome depothome improvement stockshousing stocksmoneyman reportreal estate stocksretail stockssteven halpernthestockadvisors.comtop stocks 2008Thu, 20 Dec 2007 14:12:00 EST