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

To: Carter Patterson who wrote (347)	9/11/1998 11:10:00 AM
From: Beltropolis Boy	Respond to of 1169

so much for rumor control. ----- Eagle Hardware ripe for takeover - report September 10, 1998 10:54 PM NEW YORK, Sept 10 (Reuters) - Eagle Hardware & Garden Inc., a do-it-yourself home improvement products company, is ripe for takeover target and its stock appears undervalued, according to an analyst quoted in the September 21 edition of Business Week. Alan Rifkin, a Piper Jaffray analyst, told the U.S. business magazine that in light of current consolidation in the $150 billion industry, Eagle will end up in the arms of Lowe's Cos Inc. (LOW), second only to Home Depot Inc. (HD). Rifkin believes Eagle stock, currently around 20 a share, is cheap. Rifkin told Business Week that in a buyout Eagle could be worth 40, or $1.1 billion, about the same as its estimated fiscal 1999 revenues. Lowe's declined to comment to Business Week while Eagle could not be reached for comment.

To: Carter Patterson who wrote (347)	9/11/1998 4:23:00 PM
From: Edward Boghosian	Respond to of 1169

Nothing is sacrosanct. Not even Home Depot. It is not uncommon for some bit of news to come, out of the blue, and burst a bubble. It could very well be that the store(s) may not do well. As far as I'm concerned, it is a piece of news that I will keep in the back of my head and try to follow the situation as best as possible.