Alan Rifkin
![Alan Rifkin](/assets/img/authors/unknown.jpg)
Alan Rifkin
Alan Rifkin is a former contributing editor of Details magazine. He has also written for the Los Angeles Times Magazine, Premiere, L.A. Weekly, Buzz and The Quarterly. His first book, Signal Hill, was a finalist for the 2004 Southern California Booksellers Award in Fiction. He was also a finalist for the 2003 PEN Center USA Award in Journalism . He lives with three children in Long Beach, California...
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We remain very positive on the home improvement sector and Home Depot's prospects, particularly given current valuation levels. Home Depot shares are currently trading in line with the five-year historic low forward price-to-earnings ratio, based on consensus estimates.
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People are increasingly concerned, given what Wal-Mart said, that higher gas prices are going to hurt the spending power of the consumer.
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Despite limited console availability, we believe that Xbox 360 boosted comp growth as traffic trends benefited from the excitement generated by the new product. Enhanced TV sales were also strong during December and January, which also aided same-store sales.