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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (24661)	8/21/2006 8:47:46 PM
From: Patriarch	Read Replies (1) \| Respond to of 78753

I have been watching HD as well (PE and P/S look attractive), but I think HD will continue to underperform in the short-term for the following reasons: 1) Earnings outlook - All one needs is to look at what LOW did today (-4%) and the overall housing outlook (for new homes and improvements) does not look good for the next several months. 2) Management - I have no faith in Nardelli and believe pressure needs to be placed on the board of directors to remove him. In 2005, Nardelli received almost $30 million in salary, bonuses, restricted stock, and other compensation, including a 590,000 share stock-option grant. BTW, HD's common stock for 2005 was down 5.3% and its down 14% YTD. (Note to HD's board: Google "Hank McKinnell" and perform the research of charting PFE's stock after that employment action). The recent annual meeting was a travesty and insult to all shareholders. FYI, I currently have no position.