Sunday, July 23, 2006
Home Depot FIASCO!!!
At the company's annual meeting in Atlanta, corporate directors boycotted in anger and senior management ignored shareholder's questions and concerns. Home Depot stores are becoming cluttered and filthy, employees are demoralized, the stock slumps down into the 30's, and bottom line: everyone; employees, investors and customers are mad at Home Depot overall. Analysts say that Home Depot is a stock that everyone loves to hate, and the company desperately needs to improve customer service immediately, repurchase more shares and payout higher dividends in order to stay on top of the home improvement game and not slack off. If Home Depot decides to continue at this pace, I think the stock will tumble to a drastic low, profits will decline, and lastly, Lowes will gain the number one spot. For now the stock is a bargain (BUY! BUY! BUY!)... I think they will make a comeback, and also Home Depot has never experienced a decline in cash flow (which makes this our top story of the weekend). Leave a comment on this please... express your feelings about the street LOL.
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