View photos More (Karl coached Carmelo Anthony with the Nuggets for nearly six seasons.Brian Bahr/Getty) Karl: You always can do more or you can do something different, but the frustration with Melo was we thought he could be a great rebounder, great defender, we thought he could be a playmaking forward. And we only really fine-tuned him into scoring points for us, we never got him to buy into a complete game. And sometimes that might be who you have on your team, too. My thing with Melo is, even with a great player who won a lot of games for the Denver Nuggets and me as my coaching career, as a coach you’re always trying to figure out how you can make your team and make each player on the team a little bit better. And I think that’s where Melo was an All-Star, he was a great player, won a lot of games, made a lot of big shots, but we as coaches still wanted to push him if we could. Davis: There’s been a lot of talk about Anthony’s future with the Knicks, and he even said he needs to talk to Phil Jackson about that future. How do you go about having such a conversation? Karl: I don’t know if that’s the truth. I think most of the time you go into the season, you have a plan.
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The company is no slouch in pitching its wares over the web, either. Here’s what CEO Craig Menear said on Home Depot’s latest post-earnings conference call : “We continue to see double-digit sales growth from our online business. This quarter, online sales grew over 17% and represented 5.6% of overall sales [up from 5.1% in the third quarter of 2015]. Over 40% of our online orders are picked up in the store, which we view as a positive sign of our physical stores’ continued relevance with our customers.” In the background: rising home prices , which are encouraging owners to buff up their abode’s curb appeal. Borrowing costs have jumped post-election, which could weigh on future price gains, but inventory is tight, job creation remained healthy in December, and average hourly earnings increased 2.9% from a year ago — the biggest jump since the financial crisis. “Our customer is looking at his or her home and saying it’s worth more today than it was yesterday,” Home Depot Chief Financial Officer Carol Tome told TheStreet in November. “Since 2011, homeowners have had a 95% increase in the value of their equity either through rising home prices or the fact they have paid down a good bit of their mortgage — so their home has more value, there is a wealth effect, and they are using that to spend in our stores,” Tome added. Those factors should help Home Depot keep growing earnings (analysts forecast EPS of $7.16 a share in 2017, on average, up from a forecast $6.34 for full-year 2016). The average 12-month price target from analysts covering the stock-$147.50-would represent roughly 9% upside from today’s levels. So don’t lump Home Depot in with the retail industry’s laggards.
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