Don, I know what I know. It is you that casts wild aspersions.
>since the company chooses not to disclose their credit exposure to shareholders... the company has $10 billion in exposure to their unsecured credit portfolio.
There is NOTHING TO DISCLOSE!
biz.yahoo.com
"The outsourcing agreement allows Home Depot to partner with the largest global provider of consumer credit."
Get it? CCS provides the credit. HD provided the customers and sales. The current provider is the consumer credit division of GE Capital.
But, I'm sure you'll continue to claim they are committing fraud by blatantly omitting a consumer debt portfolio from their balance sheet, because your failure to comprehend basic facts equates to their malfeasance, at least in your mind.
>HD has a ton of off balance sheet debt. They use it to fund new store openings.
Huh? Fund new store openings? Capital assets (fixtures) are purchased and capitalized in the normal course of business. There is no financing other than normal accounts payable. If they finance any equipment, it's capitalized. Same for the inventory purchased to populate those empty shelves... normal A/P. The buildings are either leased or owned. I believe they are owned when stand alone, and leased when in a multi-tenant shopping center. Your complaint seems to surround the fact that they don't capitalize all of their leases. Tough - there is no bona fide reason for them to do so.
In re the timing of SEC filings vs summary earnings announcements: I have experience there... do you? My statement comes from a specific knowledge of what it takes to prepare those documents, which contain a far more detailed level of information than the preceding press releases. Do you have specific experience and knowledge, or are your claims of "intentional delay" just more wild speculation?
Go ahead and wallow in your ignorance, Don. Exercise your right of free speech. I'll be here to make sure the casual readers aren't taken in by your uneducated and uninformed rantings.
>A soft holiday season similar to K-Mart, and you can kiss the baby goodbye.
Yeah, right. I'll bet you work at or invest in Lowes.
Cheers! |
