2 Reasons to Buy Home Depot Stock, and 1 Reason to Sell
One cannot discuss the fastest-growing retailers of the late 20th and early 21st centuries without mentioning Home Depot (NYSE: HD). After its founding in 1978 and subsequent IPO in 1981, the home improvement retailer earned its investors massive gains as it expanded to all 50 states, Canada, and Mexico.
But amid slowing store growth over the past few years, it has evolved into a value stock. Such a transition might lead some investors to question whether it will remain a profitable investment, and a look at the reasons to buy or sell Home Depot stock could help answer that question.
Home Depot isn't going anywhere. Amid a sluggish economy, homeowners are less likely to spend large amounts on improvements and remodeling projects, but Home Depot is a recession-resistant business in many respects. Homes suffer wear and tear. Given the enduring value of real estate, homeowners will spend in any economy to preserve their homes' structural integrity and to keep their systems and appliances in working order.
Source Fool.com
