Home Depot's annual meetings were once among the liveliest events in corporate America. Some years, more than 2,000 shareholders turned up to hear Bernie Marcus and Arthur Blank, the company's charismatic co-founders, deliver their assessment of performance and field questions from the audience in a cavernous Atlanta ballroom.
"I would doubt that there's any other annual meeting like this in the country," said Don Keough, former president of Coca-Cola, after attending the 1993 meeting. "There were 2,000 cheerleaders here excited about the company."
"I am beginning to think the Despot has hired some posters"
I would wager you are correct, Hy. Might be some of Rain's or 67's cohorts. You know the ones? They're the ones who have never worked there, or owned a share of the stock, yet they know the company better than insiders. I always wanted to be a psychic. I wonder if they would teach me the trick or do I have to go buy an Edgar Cayce book and teach myself?
How about it, fellas? Will ya teach me that psychic stuff? Huh? Please? Pretty please.
I am beginning to think the Despot has hired some posters. The format and structure of many of the posts reminds me of gorilla marketing campaign. No substance and faulty logic but pretty sounding at the surface.
i just can't agree. this investment was brought to me by my financial advisor at $22
and change and was my largest holding until i sold most of it for huge profits. recently i've bot again at much higher prices ($37+) and i'm happy with that. i think you're looking backward from the wrong starting point. look at the assets and the balance sheet and you'll see this is a pretty nice company.. good luck.mw
"Consistent with the way we run our company-in which we listen, learn and lead-we will return to our traditional format for next years annual shareholder meeting". Bob, we are paying you hundreds of millions of $$$ not to listen and learn but to lead or get the hell out of the way. This is not a Mickey Mouse club. You have been driving the stock down for years now. Didn't you listen and learn already??? This is too little too late. You keep digging holes for yourself and wasting time/energy getting out of them. You were not hired to keep screwing-up day-in-day-out at our (shareholders) expense. Just get the hell out, Please.
HD was tremendously overvalued in 2000 when Nardelli
took over. If it has been going down during that time,
it is only because Wall Street was getting rid
of the excess value that no company merits.
Now that it is a value and if the economy does not tank, I think you can expect a 100 percent
return in 3 years. Just my opinion!
The average shareholder gets it wrong most of the time.
Get a Value Line and look closely at HD numbers
for the past 10 years. In 2000, EPS was $1.10 and it sold for $70. In 2006, EPS is expected to be $3.10 and HD is selling for $38.
Has Nardelli done nothing? Or has he grown earnings by nearly 200 percent. HD was selling
for nearly 70X earnings in 2000. Who would want to buy it at that price. Now that is sells for 12X earnings, everyone complains.
You should thank Nardelli for the opportunity to buy at these prices. Once Wall Street gets
on his side, only a desperately slowing economy
will keep this stock in the $30's.
By the way, I agree compensation by many
corporate executives is excessive. Even HD seems to pay to much (even if the CEO did grow earnings by 200 percent in 5 years.)
My only problem with the market is that I am afraid the economy might tank. It just seems like many citizens may be entering a money-saving posture. Everything seems to go in cycles. Spend to much, now perhaps save to much like Japan did several years back. They say buying Hughes Supply should help HD tremendously if the economy does turns down. I hope so.