Unfortunately Home Depot (nyse: HD - news - people ) doesn't expect things to get better this year.

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Unfortunately Home Depot doesn't expect things to get better this year.

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However we expect things to be much better on the offshore front this quarter as the firm has bagged new contracts in the region and firm oil prices have stimulated interest in offshore drilling.

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"When things are tough, they do better than people expect because they're able to cut costs, " he says.

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