(Bloomberg) -- Investors who don't have the guts to buy housing stocks just yet are betting on a residential rebound before it happens -- by buying shares of home-improvement retailers and makers of tools and tape measures.
``It's our chicken way of playing the housing recovery,'' said Robert Hagstrom, manager of the $5 billion Legg Mason Growth Trust in Wayne, Pennsylvania. He bought Home Depot Inc. shares this year.
Read more at Bloomberg Stocks News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment