04-12-2021, 08:50 AM
Never mind what I said about LOW. They ran up more than I realized. HD has traditionally traded around a 20-21 PE. They are currently at about 25. All the quality retailers look pretty spendy today. I wouldn't tell anyone to buy some more HD this week, but they will find a way to grow earnings. Still a great company to hold for years IMO. How will the market react when they give guidance of next to no YOY revenue growth some quarter soon? That will probably be a good month to add. I think it's reasonable to believe they will trade under 20 PE again but I am not predicting it anytime soon.