Home Depot Gives Investors Good News

In the midst of all the bad news coming in from Wall Street, there was a little shining light. Home Depot Inc. gave investors a welcome surprise, posting a better than expected third quarter profit and offering Wall Street a second straight day of good news for the battered home improvement sector. However, the 31 percent drop in earnings still shows just how badly the chain has been pummeled by the economic meltdown which executives warned was unlikely to abate anytime soon as they predict a steeper drop in full-year sales. Well I hope things make a turn around soon for everyone. It is sad to see so many people laid off at Christmas time. Unemployment is high and going to go higher from the sounds of it, all over the country. It has taken its toll in our area.