Home Depot A Better Bet Than Amazon?
By Dana Blankenhorn: Interested in buying a retailer that's bigger than Amazon.com (AMZN) but delivers higher, more reliable margins? Then walk into the Home Depot (HD).The company reported a blowout quarter yesterday, with net income up 32% to 50 cents per common share, well above analyst forecasts. The share price is up 20% from a year ago and is certain to get another bump upwards from these results.So far this year, HD has doubled the performance of AMZN, rising 11.2%. All this despite Seeking Alpha writers like Alex Shadunsky calling it overvalued and optionMonster calling shareholders nervous. (This is not "dump on SA writers day"; Takeover Analyst wrote last month the stock was headed to $50.)One good reason for the negativity surrounding HD is that its fate is tied directly to the economy, specifically to housing. Thus, people who are bearish on the economy might discount the current quarter, andComplete Story »