Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Neon who wrote (277)	7/10/1998 5:58:00 PM
From: Marty	Read Replies (1) \| Respond to of 1169

We are up 1 1/2 today in the face of Mr. James' downgrade so you can see what kind of a following he has. Guys like that can't do the work so they criticize the work of others. Take a look at any of the HD parking lots, Mr. James, and see if you can see any drop in business. Then get the hell out of the critique business, you don't know what you are talking about.

To: Neon who wrote (277)	7/10/1998 9:09:00 PM
From: Bobby Polk	Respond to of 1169

For what it's worth, Raymond James isn't a "he"; it's an "it": it's a brokerige firm in Florida... I personally think maybe they have been out in that sun (or is it smoke...) too long. Probably all they are doing is the CYA program (covering their as$%^); with the P/E as high as it is, they don't want to be caught with a "buy" recommendation - just an "accumulate" -- in other words, if you find some certificates lying around on the beach, you can "accumulate" them (stupidest ranking I ever heard of...). Good luck, and GO HD!!!! BP

To: Neon who wrote (277)	7/11/1998 8:35:00 PM
From: Joseph Francis Torti	Read Replies (1) \| Respond to of 1169

I hate to burst your bubble but Raymond James might be right about that call. If you check Home depot charts the last ten years and I think you can find one on any financial site. You will see Home Depot I have a chart in front of me it shows home depot from 1992-till 1996 home depot range was about the low of 20 to a high of mid 30.00. And from that point from 1996 to the beginning of 1997 it trade from mid 20.00 to high 30.00. Then from Jan 1997 it skyrocket from mid 30.00 to 99.00 pre-split. Home depot average P.E. for the last three years in this great economy was averaging 28. For the last ten years it was averaging a P.E 32. Homer Depot P.E. is presently above 60. The highest Home depot P.e. history was in 1993 and it was 63. I do not recall how the economy was at that time but I can say the outstanding shares was a whole lot lower then so it justify the high P.E. then. So even though Home Depot could do an internet like stock price rise for the remainder of the year. It is fundamentally overpriced and I figure a growth rate of 23% per year it would bring home depot P.E. back in line with the 32 average in the year Jan 2001. So another words we are paying for Home Depot's earnings in 2001 right now. Scary isn't it. ALL THIS IS JUST IMHO. JOE