(08-21-2020, 12:58 PM)fenders53 Wrote:HD will do well even without the stimulus checks. Especially when all these people out of jobs are making more being at home then at work lol. Even with the extra cut from $600 to $400. Crazy people just want to be lazy and not go back to work even though they can ;(08-21-2020, 09:16 AM)divmenow Wrote: Added HD and took a new position in DDS. A name that probably know one knows about lol. But all their stores are now open and they are one the best positioned retailers to weather this retail storm. Solid balance sheet with at least $40 share in tangible assets. So they can afford to continue to pay dividend. I will put this under the speculative stock with potential lol. There on no Dillard's anywhere near me. The closest in VA and that's far away from PA LOL. But I have been in many when in the Houston and Dallas area.
HD and other big box retail works if the next stimulus is generous and happens very soon. Next quarter will be interesting as it appears at least the first half will be stimulus free and things back to normal. Valuations look iffy unless things go right. Look like Momo plays right now.
Home Depot and Lowe’s will be packed no matter how slow things are. So I’m not worried about the future. Both stocks will be over $300 and $200 soon.