The Corner

Stock Tip

A market-wise reader:

“Dear Mr. Derbyshire—Hate to break the news, but ’sell HD, buy LOW’ has

already been done. Over the last five years, since Dec 3, 1999 Lowe’s stock

is up 112% while Home Depot is down 22% over the same period. LOW has

outperformed HD over the last 10 and 15 years as well, although if you go

back 20 years the HD outperformance over the entire period is phenomenal.

“It appears the best time to have swapped HD for LOW was late 1993 although

HD has had various periods of outperformance since then.”

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