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By adrian (registered) | Posted July 10, 2007 at 09:15:26
The Globe and Mail is reporting today that Home Depot is cutting its earnings forecasts because of weakness in the US housing market.
http://www.reportonbusiness.com/servlet/...
"While we expect the housing market to remain challenging for the rest of 2007 and into 2008, we plan to continue our reinvestment plans for the long-term health of our business, understanding that it will put short-term pressure on earnings," Chief Financial Officer Carol Tome said in a statement.
Will the trickle become a flood?
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