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Non-Tech : Home Depot (HD) -- Ignore unavailable to you. Want to Upgrade?

To: Ausdauer who wrote (970)	7/21/2002 7:05:15 PM
From: David Lawrence	Read Replies (1) \| Respond to of 1169

>...there must be some role for obtaining lease agreements rather than purchasing property outright. Sure there is. And clearly it is not an abuse here, as 80% of their massive amount of property is owned with no debt. >>The question I have is whether the off balance sheet debt related to the leases is out of proportion to other like companie I've looked. Walmart and Kroger are quite similar. With all due respect to Don's personal investing criteria, which I applaud for being both thorough and conservative, there is absolutely nothing unusual with HD's off balance sheet obligations.