Home Depot’s stock is down about 7% since CEO Robert Nardellit left. The Dow is off less than 3% for the same period and Lowe’s is down about 1%.

When Nardellit left BUDD BUGATCH, FURNISHINGS RESEARCH DIR., RAYMOND JAMES told the Nighly Business report that: "Next year I think the stock will do well. I think the valuation of the stock should be in the 50s, so we see about a 20 to 25 percent upside from here in the relatively near term."

Maybe next time, Budd.  It may be hard to blame the housing slowdown on the company and the related fall to every single aspect that services any subprime mortgage houses, but shareholders were already restless.

Douglas A. McIntyre