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Housing Woes Weigh on Home Depot

Stock quotes in this article: HD , LOW , PHM , RYL , SPF , BPO , HSOA  

Home Depot (HD Quote) continues to get hammered by a very weak U.S. housing market, a fact reflected Tuesday in its first-quarter results.

At this point, investors must wait until 2009 for the turnaround story to take place at the country's largest home improvement retailer.

Nonetheless, my thesis on Home Depot, which I feature as a stock to own in the Bricks and Mortar mock portfolio, remains unchanged following today's earnings report. ...

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