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

To: P.M.Freedman who wrote (575)	4/14/1999 8:26:00 AM
From: David Phaneuf	Read Replies (1) \| Respond to of 1169

International expansion. Something is cooking down at the farm. It seems the new IKEA president is bringing some fresh air and ideas to the table. The next 45 days should be very interesting! What's going on from what we can see. 1. 1st. Qtr. reports 2. Annual stock holders meeting 3. More news about online shopping / quotes Time will tell be patient be long! Aloha David

To: P.M.Freedman who wrote (575)	4/14/1999 6:31:00 PM
From: Al Cano	Read Replies (1) \| Respond to of 1169

Back to major support 63/65 area before moving higher. Options expiration next week will boost it above 65 again. Nonetheless, HD is famous to bounce in a trading range for a long time before moving to higher levels. Next target is $70.

To: P.M.Freedman who wrote (575)	4/24/1999 2:33:00 PM
From: Terrence Von Holidae	Respond to of 1169

Home Depot's common shares have a technical downside risk to 48 short-term. My model suggests a reliability factor of 70% that it is achieved in the next weeks. The company's common should present compelling value at 1.5x-2x sales for a rebound to a higher stock price, if the above comes to pass, and longer-term, 1.2x sales, as the stock falls to this anticipated valuation in the next leg-down for a second rally attempt. A p/e at 2/3rds the sales growth-rate is a fair measure for the business they are engaged in, and again, if the above occurs, the common shares may reflect it. This is predicated on a economic environment that is a bit different than that commonly expected in the next couple of years. But, again, should HD arrive at 48 soon, it may indicate the change is upon us. In a year, it would be evident to most. It is a good company, but now priced in excess of its ability to achieved a fair return on invested capital, if you were to buy the common at current levels. Best regards, T.V.H.