Home Depot (HD) got much less for its wholesale outfit than it had hoped and it had to guarantee part of the buyers’ debts. The company still plans to buy-back 550 million…
Douglas A. McIntyre According to Reuters, Isuzu and GM (GM) will increase their cooperation in South America to improve their share in the truck market. Reuters writes that Knight Capital (NITE) may have to refund…
For Home Depot (HD), it is the worst of all worlds. After getting private equity interests to agree to buy the company’s wholesales unit, Home Depot Supply, for $10.3 billion, the deal…
Douglas A. McIntyre Home Depot (HD) seems desperate to get rid of its HD Supply unit which handles wholesaling of its products to builders. The deal was set for private equity interests Bain Capital, Carlyle…
Douglas A. McIntyre According to Reuters, several Asian banks disclosed that they had exposure to US sub-prime mortgages. Reuters writes that Monster (MNST) took five days to disclose the theft of personal data on 1.3…
Home Depot (HD) may sell its supply unit, for $1.2 billion less than was originally planned. The initial price was about $10.3 billion. The problem now is that the deal may still…
Douglas A. McIntyre The CEO of CountryWide Financial (CFC), Angelo Mozilo, could not just take the $2 billion his company got from Bank of America (BAC) and have a nice day. He had to mention…
The FT writes that Merrill Lynch, Lehman Brothers and JPMorgan are not happy about funding a deal to buy Home Depots (HD) wholesale supply business to private equity interests. Even though the…
Douglas A. McIntyre According to Reuters, a group of California gas stations filed suit against Chevron (CVX), Saudi Aramco, and Royal Dutch Shell for price fixing. Reuters writes that Canon (CAJ) is spending another $862…
The August short interest numbers show that Home Depot (HD) and Lowe’s (LOW) had spikes in shares sold short. At HD that number hit 61.8 million, up 20.8 million. At LOW the…
Below are short interest figures for major companies traded on the NYSE as of August 15 compared to July 13, 2007 Largest Short Positions Ford (F) …
Lowe’s Companies (NYSE:LOW) reports earnings on Monday and First Call estimates put earnings at $0.61 EPS on revenues of $14.1 Billion. Estimates for the following quarter are $0.47 EPS on revenues of…
It is always good to remember that just because stocks trade at intraday lows, it doesn’t mean that they are going to stay that way or that they are going to roll…
Shares in The Tribune Company (TRB) are off almost 4% today to $24.57. The price promised for an LBO lead by Sam Zell is $34. The deal is now likely to die,…
Douglas A. McIntyre The Home Depot (HD) today reported fiscal 2007 second quarter consolidated net earnings of $1.6 billion, or $0.81 per diluted share, compared with $1.9 billion, or $0.90 per diluted share, in the…
Douglas A. McIntyre 