27.08.2014 - Home Depot is growing rapidly
Home Depot's stock price continues to rise due to positive financial results of the company. The company's management has approved the aim to reduce fiscal expenditures in 2014. Also it is worth noting that the company's debt increased by 4 billion dollars. This year the company plans to increase its sales by 4.8%. Net income per share company is expected to grow by 20%.
Situation on the United States housing market is gradually improving, and we see significant potential for profit growth in the coming years and recommend to include the company's shares in the long-term investment portfolio with the potential for growth by 25-30% per year.