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HD Supply (HDS) has seen its shares pull back along with the rest of the market recently. However, it has been proving it is able to grow its business both organically and through acquisitions. The company continues to trade at an attractive valuation and offers investors an opportunity in a market with limited competition. As deleveraging continues, the company will be in a better position to face any downturn as well as take advantage of competitive weakness. While the company operates in a cyclical industry, it can certainly come out of