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Joe Stocks

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Joe Stocks

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Re: warawls post# 48038

Thursday, 11/21/2002 1:41:26 PM

Thursday, November 21, 2002 1:41:26 PM

Post# of 704019
HD- I would stay away from HD unles you are hjust trying to catch scalps. I'm in this business. IMO HD is going to have to cut back new store openings soon. That will be one negative. If the cut back store openings watch their Gross profit suffer. Why? In this industry many vendors give you the opening order for a new store free to buy the shelf space. For HD that amounts to about $3 mil per store as I see from their 10Q. 200 stores and that is $600 mil per year to bring down the cost of goods. Of course that won't hit the bottom line over night but over time it will.

Just athought. Joe

Joe

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