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Home Depot Does What's Best for Shareholders

 May 06, 2008 04:46 PM UTC
Return Risk
+3.19% MID
Tracked Blogger
Symbol Sentiment Start Return Closed
HD Positive 05/06/08 +12.27% --

5/1 - "The Home Depot, Inc. (Public, NYSE:HD) is finally doing what's best for investors, closing stores and firing employees...The plan is to can 1,300 workers and close 15 underperforming U.S. stores as it cuts back on store expansion plans."

"Home Depot said its total capital spending for the current fiscal year is still projected to be about $2.3 billion, down from $3.6 billion last year.

HD is making the right moves and if Wall Street is 6 months ahead of the game, then Home Depot shares will being to recover. Place your bets."

 Graphic_website1 Read the rest of original post »

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5/2 - "D-I-Y retailer Home Depot (NYSE: HD) has only gotten it half right with its plan to halt expansion and close underperforming stores. The other part that seems wrong is that it still plans on paying out dividends and doing share buybacks. That might set the retailer up for even more failure." "With a much larger store footprint than rival Lowe's (NYSE: LOW), it can afford to stop the p...

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Home Depot's Announcement a Good Move, But Maintaining Cautious Outlook; Reiterate Equal-Weight
5/1 - "We do not believe this is enough to turn the earnings estimate dial, which should continue to be dominated by macro inputs. One could argue a $0.05 per share benefit by 2010 - all else equal...Today’s announcement nets a cash cost of $100m on a total charge of $586m, with an interesting payback implication: The $12m per store in closing costs is a reminder that real estate can be a liabi...


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