May-31-2008
Weekly Top Insider Buys: The Home Depot Inc. . . .
gurufocus.com
From the article"...The Home Depot Inc. (HD): Director David H. Batchelder Bought 3,398,490 Shares
Home Depot, Inc. (HD) sets their quarterly dividend at 22.5 cents a share. Quarter that ended in beginning of May, the home improvement chain reported 6.5% decline in same-store-sales and 3.4% revenue drop to $17.91 billion. Home Depot’s profits declined 66% to $356 million or $0.21 a share compared to $1.05 billion or $0.53 a share in the first quarter of 2007. The company shares have lost 30% its value within the past 52-weeks.
George Soros sold out his holdings in Home Depot, while John Rogers, Jean-Marie Eveillard, Edward Lampert, Ron Baron, and Tweedy Browne bought more shares.
Director David H. Batchelder bought 3,398,490 shares on 5/21/08 at $26.99 and bought 1,132,907 more shares on 3/17/08 at $25.59. As Director Karen L. Katen bought 5,000 shares on 5/27/08 at $26.83, President Joseph Izganics sold 3,511 shares on 12/11/07 at $29.79.
The Home Depot Inc. has a market cap of $46.51 billion; its shares were traded at around $27.28 with a P/E ratio of 11.62 and P/S ratio of 0.60. The dividend yield of The Home Depot Inc. stocks is 3.3%. ..."
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There were some pretty big insider buys recently on HD. Perhaps the worst is over. The stock traded briefly below $25 in January 2003 and again in Sept 1998. I suspect another buying opportunity below $25 sometime soon. Their real estate holding are probably valued a lot higher now in 2008. BV is $10.50/shares and they carry about $7.50/share in long term debt.
EKS |
