When will we know if the dentist is an investor in Home Depot?
The home furnishings retailer is one of many U.S. retailers that have struggled to find investors after a surge in sales and rising operating losses over the past year.
The home goods industry has seen record losses and a growing stock market.
But some companies that invested in the company say that if it were to go bankrupt, they would be forced to sell the business.
Home Depot CEO Dan Ammann recently told CNBC that it’s possible to be an investor but that it wouldn’t be an easy sell.
“If the company was to go out of business, I would have to sell it,” he said.
Ammann said the company’s stock price was up about 20% last year and that it was a good value for investors.
Home depot is part of a growing group of companies that have begun to invest in their businesses.
Investors like Home Depot have become increasingly wary of large, publicly traded companies.
Earlier this month, Citigroup lowered its target for home furnishments stocks to $1 trillion from $1.4 trillion.
But the Wall Street Journal reported this week that the stock market is on the way back to $600 billion, a level that was seen during the Great Recession.
Ammans company has made some big bets.
In December, it said it was looking to buy more than a dozen U.K. companies that make appliances, furniture, and lighting.
It has also purchased shares of Amazon.com, the biggest online retailer in the U.A.E. and the second-largest U.E.-based company after Amazon.
The company also recently invested in Zappos, a maker of fitness trackers, and has been buying up some of the country’s largest companies.
Home goods stocks have been growing since the Great Depression.
They reached their peak in 1980, when they reached $4.5 billion.
The Dow Jones Industrial Average climbed nearly 300 points during the same time period, but fell by over 40% from its peak in the 1970s.
Home furnishings stocks have since declined about 30%.
Some analysts have raised concerns that investors could be looking at a repeat of the 2008 financial crisis, which saw the Dow tumble nearly 400 points in just a week.
The recession also created a glut of credit for home goods, which contributed to a stock market bubble that peaked in the second quarter of 2009 at $7.3 trillion.