Chart The EVA: Home Depot (HD) Q2 2021

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Conclusion:

Home Depot is definitely a company with an economic moat. Its current share price needs to be justified by further EVA improvement. Absent further tax reduction, EVA would need to be supported by growth. Pandemic-induced behavior seems to give that needed boost. However, it is hard to find value levers that could bring me a potential 50% capital gain from the current price at $327/share. HD is well-priced, and growth tends to be short-lived. 

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