This stock is going UP over time. No doubt about it. Name a better large home improvement center.
It will take a while for this stock's price to get back where it belongs as the economy recovers from the sub-prime mess. So traders should probably wait awhile, or play the small swings. Investors, however, BUY, BUY, BUY. Then sit back for a few months and watch your investment start to make you a LOT of money. We have Building Contractors in the family, and they are already seeing an increase in home renovations (read Home Depot). "Cocooning" is the buzz phrase right now, as people who couldn't sell their homes decide to improve them, and it will flow money into Home Depot. Then watch when the housing market starts to pick up. Kaching!
HD is clearing out the "rot", making moves to improve service, etc. Between the cocooning phase now, and when the housing market starts to make even small gains, this baby is going HIGHER. Believe it.