MOST NOTEWORTHY: Fifth Street Finance and Home Depot were today's noteworthy initiations:
- Wachovia believes Fifth Street Finance (NYSE: FSC) is better positioned than many of its peers, especially in the areas of capital and growth. The firm, which started shares with an Outperform rating, believes the company's reduced competition and liquidity should allow it to pick the best investment opportunities.
- Home Depot (NYSE: HD) was initiated with a Buy rating and $30 target at Rochdale, citing Home Depot's valuation and shift towards maximizing ROIC and cash flow from growth.
OTHER INITITATIONS:
Reader Comments (Page 1 of 1)
7-21-2008 @ 11:54AM
Steve in Denver said...
I'm a long time Denver Builder. Over the past 3 years, ever since Nardelli took a powder, and HD got out of trying to compete with local building supply companys, I've noticed that virtually all of my on the job workers go to HD for that extra nail, screw, hanger, adhesive, plumbing component, electrical component, HVAC fitting, new tools(especially) that they need immediatly, and can't wait for a delivery on. My wife just COMPLETELY and entirely remodeled our home, and she spent THOUSANDS at HD. I learned quick the HD is becoming a fixture with construction at all levels, and have loaded up on its stock. Believe me, when you see the real players going to HD, and see the massive amount of remodeling and new construction going on in Denver, HD is a good buy.
7-22-2008 @ 4:24PM
tom15143 said...
One of HD's strengths is their store organization. Compared to the competition, they stock everything related in the same bays, making shopping far easier. I will likely never shop at another competitor's store and play hide and seek to find what I want. Good job, HD.
7-31-2008 @ 6:20PM
bdmdaniel@suddenlink.net said...
I am so interested in the positive responses about Home Depot. I work for them and our store is short staffed and not doing any business at all. We are out of stock on many items and Atlanta is cancelling our orders. Customers are upset and employees feel that the company has gotten worse since Nardelli left. It's been life as usual with the new regime. I would love to feel positive about my store and job. I've been with them for 6 years and have seen two styles of managing. The stores in the North have quality management and the southern stores are lacking leadership.