Home Depot (HD) obviously does not think the housing market is going anywhere good in 2007. In its forecast for the year, it says its own revenue will grow by zero to 2%. EPS is expected to drop 4% to 9%.

Even beyond 2007, the company’s future looks grim. HD says that revenue beyond next year will grow at about 5% as will earnings.

HD, its growth stock days are over.

Douglas A. McIntyre