Home Depot (HD) Message Board

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Non-Tech : Home Depot (HD)

HD 376.08

-0.9%

9:30 AM EST

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To: David Lawrence who wrote (1065)	10/21/2002 10:06:23 AM
From: Don Earl	Read Replies (1) of 1169

David, I took profits on my puts several weeks ago. Calling me a liar just makes you look like a fool. Go to your nearest carpet retailer and look at the selection, then go to Home Depot. If you're too stupid to see the difference (which I suspect may be the case) then I guess the thread will just have to continue to put up with your silly commentary any time you post. The thing you don't seem able to comprehend is I took a short position in the stock in the first place because of my recent experiences with the company as a customer. It was right after making a special trip to HD to purchase exterior doors for the house I'm building. After wandering up and down the door isle, I was only able to find exactly 1 (one) door in stock for 2X6 construction, which has been code for years. It was a 6 panel door that would look okay on a garage. The last house I built I walked into Home Depot, put a couple of nice looking doors on my cart, and took them with me. I asked a clerk where the doors for 2X6 walls were, and was told they now carry just the one door because 70% of their business is remodeling old 2X4 construction. I looked at him in disbelief and asked if it was really company policy to walk one out of three customers on door sales. I came home from my shopping trip and started going through their SEC filings. At this point I wouldn't mind seeing HD run up a bit to build some good downside potential into the stock. The fantastically poor management decisions coming out of the company makes it an easy money bet they'll eventually go the route of KM. Their entire inventory is stocked with borrowed money (accounts payable) and when they've run off enough customers, they're the ones who will have to come up with the money when the debt is due.

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