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Columbia Management Comments on Home Depot

October 26, 2012 | About:
Holly LaFon

Holly LaFon

258 followers
Finally, excellent stock picking in the consumer discretionary sector aided performance, particularly our position in Home Depot (HD), which participated in the housing-related stock rally during the third quarter. With low inventory levels, a renewed interest from buyers and some pent-up demand caused by low activity levels over the past few years, the housing market looks to be on the mend.

> Home Depot is the largest home improvement retailer in the country. Along with other housing-related businesses, the company saw a pickup in activity levels, as consumers began to reinvest in their homes.

From Columbia Large Cap Fund third quarter commentary.


Rating: 2.2/5 (6 votes)

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