Home Depot, Lowe's estimates cut as s...

Home Depot, Lowe's estimates cut as sector falls

There are 50 comments on the MarketWatch story from Jun 28, 2010, titled Home Depot, Lowe's estimates cut as sector falls. In it, MarketWatch reports that:

Retail stocks headed lower on Monday as home-improvement retailers Home Depot Inc.

Join the discussion below, or Read more at MarketWatch.

First Prev
of 3
Next Last

Since: Dec 09

Location hidden

#2 Jul 1, 2010
Does this look like a time to be trying to backdoor your employer.(your lucky you ever got hired, and now you want to stab them in the back?)

Retail Stocks

June 28, 2010, 10:25 a.m. EDT · Recommend (1)· Post:

Home Depot, Lowe's estimates cut in downbeat sector

By Andria Cheng, MarketWatch

NEW YORK (MarketWatch)-- Retail stocks headed lower on Monday as home-improvement retailers Home Depot Inc. and Lowe's Cos. saw their profit estimates lowered at both FBR Capital Markets and Credit Suisse.

FBR analyst Stephen Chick cut his 2010 estimate for Home Depot /quotes/comstock/13*!hd/quotes /nls/hd (HD 27.76,-0.16,-0.57%) to $1.85 a share from $1.89 and his 2011 estimate to $2.10 from $2.27. For Lowe's /quotes/comstock/13*!low/quote s/nls/low (LOW 20.49,+0.08,+0.39%), his 2010 estimate was lowered to $1.36 from $1.44 while his 2011 outlook was revised to $1.62 from $1.75.

"Management commentary on recent webcasts reflected a slight downshift in tone, in our view, and this is what recent investor sentiment has been concerned about," he said in a note after having already cut his estimates on the home improvement sector two weeks ago.

Credit Suisse analyst Gary Balter also lowered his 2010 profit estimates for both stocks, saying "recent housing data points to their recoveries being pushed out into 2011."

The government has reported disappointing May results of new and existing home sales, casting doubt over the outlook for the home goods related sector, analysts said.

Home Depot, a Dow member, fell 1%. Lowe's was little change
RHRM

Secaucus, NJ

#3 Jul 1, 2010
The stock is in the toilet because everyone hates shopping at Home Depot. Period. Even employees of Home Depot HATE shopping at Home Depot. Home Depot executives have been stabbing the hourly associates in the back FOREVER. Home Depot has gone to replacing associates with temp workers and more and more part-timers. The full-time associates are getting screwed over by being overworked DAILY. Home Depot associates you need a union. It will be the ONLY way to turn the tide. It will get much worse if something is not done. Personally I think the stock is worthless because I think the general public is over the empty promises by the senior leadership and tired of horrible service in the stores.
John

Houston, TX

#4 Jul 1, 2010
I agree. I think this is very poorly run company on so many levels. I would not be surprised if there was a massive HD sell off. I think the 2 founders would agree that the current state of the company is very poor and with little potential unless there is a massive shakeup within company.
Truth

United States

#5 Jul 2, 2010
Union is the only way that employee can be treated fairly and equitably. Sharks are sharks and act like sharks until the proper safeguard is put in place.

Since: Dec 09

Location hidden

#6 Jul 2, 2010
If you don't like where you work.....take your talent elsewhere. I don't understand the mentality of people who take a job.....then start making demands. A job is a privilege, not a right.

Since: Dec 09

Location hidden

#7 Jul 2, 2010
And the myth that people are going to say: Hey!!! HD is union now!! Lets go shop there because union employees have made HD such a brighter place!!

If you need examples of union work ethic.....think DMV, Welfare office, unemployment office, post office.
Now that sure shows the hard working union ethic, doesn't it? Isn't it amazing how much hard work they put in? They really hustle , don't they?? And they struggle so hard to make sure the customer is satisfied!!
Barry

New York, NY

#8 Jul 2, 2010
Ratface why is your location hidden????? Ahh yes the ratface of the SSC has weighed in. Maybe your nutjob or yerredneck or any of your other pseudo names. When it comes down to it you are right, you are a rat.

Here is some information for you



A a survey that should give you some insight into what non-ratfaces think

http://www.topix.com/forum/com/hd/TD1F1CBM825...

Its lowlife scared little ratfaces like you that ensure there will be a union to protect workers from your ratface ways. Have a nice day rat!!!:-) Sell this gargage stock for this $hit company before it gets to $2 people!!!!!!

Since: Dec 09

Location hidden

#9 Jul 2, 2010
Barry

You don't seem very bright. Although you act real tough, that is to be expected of your ilk. Historically, union thugs have always had that gangster charm, replete with the threats and sinster talk.
Perhaps your most ignorant comment was telling people to sell their stock. You might wanna take a short course in basic economics.

Publicly facilitating the demise of your company's welfare may not be the smartest way to further your strongarm cause. Let us know how that works out for ya!!
Sell Home Depot NOWWW

Singapore, Singapore

#10 Jul 2, 2010
I agree stock is a sinking like lead. With the current position who knows were this $hyt companies bottom is. Sell sell sell baby. Rat your rathole is getting cold. Happy forth everyone !!!!

Since: Dec 09

Location hidden

#11 Jul 2, 2010
If you need examples of union work ethic.....think:

Department of Motor Vehicles,
Drivers License Bureau,
Veterans Affairs,
Welfare office,
Unemployment Office,
Post Office,

Now that sure shows the hard working union ethic that we ALL get to enjoy, doesn't it?
Isn't it amazing how much hard work they put in, and show such dedication to their work?

They really hustle to serve you, don't they?? And they struggle so hard to make sure the customer is satisfied!!

Whatever propaganda you are buying into on this board shall pass. Just like the Golden sheen on the fool you voted in for President....it will fade and reality will be there waiting to take you back.

LOOK AT THE ABOVE EXAMPLES OF UNION EMPLOYEES!!! DO THEY LOOK HAPPY?
THAT IS THE REALITY OF BEING A UNION DRONE PEOPLE!!!

Frankly, i don't give a shit what you people do, I shop at Menards!
Sell Home Depot NOWWW

Singapore, Singapore

#12 Jul 2, 2010
My money says that mondays HD closing price will be in the low 20's. I will pick a number $22. I think that is where it will land EOB monday.

Since: Dec 09

Location hidden

#13 Jul 3, 2010
Take a short q&a folks.

What happened to the TEXTILE industry?
Oh thats right....THE UNIONS DESTROYED IT.

What happened to the STEEL industry?
Oh thats right....THE UNIONS DESTROYED IT.

What happened to the AIRLINE industry?
Oh thats right....THE UNIONS DESTROYED IT.

What happened to the AUTO industry?
Oh thats right....THE UNIONS DESTROYED IT.

KEEP IT UP BOYS!!
exorange

Woodburn, OR

#14 Jul 3, 2010
What happened to Home Depot?

Oh that's right....MANAGEMENT DESTROYED IT.
no more secrets

Palatine, IL

#15 Jul 3, 2010
Rat---you ever hear of overseas competition? The industries you mentioned with the exception of the airlines were decimated by moving the production overseas, by our own management, where the employees are paid much lower than minimum wages. Also greedy management allowed plants to become old without modernizing. CEO's and CFO's and Presidents of these major industries should bear the burden of guilt not the employees or unions. Airlines have been hurt by overcapacity not unions. VERY LITTLE CHANCE HOME DEEPHOLE COULD SELL THEIR PRODUCTS FROM OVERSEES.

Since: Dec 09

Location hidden

#16 Jul 3, 2010
@No.more.secrets,

The reason they had to move overseas was outrageous
Labor costs in the first place.

But let's not get nitpicky.

My final question is this, and then i will leave you to your quest. And i am sincere in asking:

1.) If you are dissatisfied with your employer, why don't you quit?
You are employees...not owners. Why do you think you have a right to change the way a company operates? Why not just leave?
Show-em who's Boss!!

In a sentence: Why stay where you do not feel welcome or appreciated?

Thank you

Since: Dec 09

Location hidden

#17 Jul 4, 2010
@RHRM>>>>>>P ersonally I think the stock is worthless because I think the general public is over the empty promises by the senior leadership and tired of horrible service in the stores. >>>>>>

What would the "General Public" know of "empty promises of senior leadership"???

This is a Union Shill trying to get you employees riled up.

John Q Public: "Gee, I was going to buy some nails at HD......but i have had enough of those darn empty promises from senior leadership over there!!"
no more secrets

Palatine, IL

#18 Jul 4, 2010
Without going into the economy and politics---it is sufficient to say that there are no longer unlimited opportunities to walk away and pursue jobs elsewhere. So in a sentence: Many of us are stuck with having to live a nightmare in order to support our families and would like to make the nightmare more tolerable!
enlightened 1

Los Angeles, CA

#19 Jul 4, 2010
Rat AKA netguru, yerboy. There is a reason that almost 98% of the 40,000 people on the union survey say "hell yeah" we need a union. Dude, either you work at depot or you don't. If you don't you have no idea about what we deal with. If you do and then you must be a manager attempting to quell the overwhelming support for a union. So either way if there is anyone that is a shill its you. I love these posters that work for SSC. Homer friends read these posts and decide for your self, do people like rat sound familiar???? Does their "if you don't like it here than quit" attitude sound remarkably like what you hear in the stores. Yeah it does. Big time. Why is your location hidden ratface???? Ahhh..yes we know why. Like the managers and ratfaced senior executives.....you have something to hide. People get organized. Its your time. Have a great 4th of july!!!!

Since: Dec 09

Location hidden

#20 Jul 4, 2010
I love this!1 You talk to me like i know what the hell you are talking about. NO...i'm not a HD employee, MGr, or anything else.

So just blow me.. "enlightened one"
You are not "enlightened" at all

I've worked 35 years in the Broadway Theater industry, and I have the biggest unions on the planet around me everywhere i work.
I know a lot more about them than 99% of you on this board.

IATSE,ATPAM,AFL-CIO,AFM,SSDC,E quity. SEIU,
SAG, are just a few of the union's bills i see reports on weekly.
Yes they have it very cushy. Yes, most are overpaid.
But its not the wages that rile me as much as the union's strongarm tactics to get what they don't deserve.

examples.

Every major Broadway house has been required since 1935 to have 2 guys in the rafters....in case there is "a fire".$35 an hour+ full benefits to play cards every night...in every theater,(40 of them),...for 85 years! Even though every theater has had state of the art fire detection and suppression for well over 50 years.

All 40 theaters pay the AFM, for 19 musicians a night, every night there is a show. It doesn't matter whether a show needs 5 musicians...or none. You still pay. The unneeded are called "phantoms".
AFM players make about50-70k each per year.

You pay for 3 spotlight operators $35hr, whether needed or not. Every show..

we pay 4 and 8 hour minimums to about 100 peple per night, per show. The reason that is a problem is that a Broadway show lasts 2.5 hours! No-one is in the building for more than 3 hours!

These are 2 or 3 simple examples of lunacy.... of which there are hundreds.

The amount of breaks, overtime, double time, fines, phantoms....etc...is absolutely, ridiculously absurd.

This is why it costs 100 dollars a ticket to see a Broadway Show.

Guess who is going to continue to run ticket prices through the roof until nobody can afford to go to a show?

Since: Dec 09

Location hidden

#21 Jul 4, 2010
I was working a show about Baseball on Bway about 10 years ago, that was nominated for a Tony award, and was going to sing a song at the Tony's that night.

The only prop we needed to move from our theater,(The Marquis),(which was closed that night), to Radio City Music Hall, was a bench.(a players bench like you would find in a dugout or locker room.

Here is what moving a bench 2 blocks in NYC costs:

When you open the door of a Bway theater, you must bring in a "Stage Door man"=8hr min.

You need an "electrician" to turn on lights on stage=8hr min.

You need IATSE stagehand...2....to pick up bench off stage and carry to dock.=2 x 8 hr. min

you need AFL-CIO to load bench on to truck.
=2 x 4hr min.

you need a union cartage company truck to move the bench the 1 block=4hr min.

AND THEN THE WHOLE PROCESS IS REPEATED TO RETURN THE BENCH AFTER THE TONYS!!

$1750 American dollars to move a bench 2 blocks!!

THATS WHATS WRONG WITH UNIONS!

Tell me when this thread is updated:

Subscribe Now Add to my Tracker
First Prev
of 3
Next Last

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Credit Suisse Asset Mnagement Income Fund Discussions

Title Updated Last By Comments
News Wall Street scrambles as Lehman files for Ch. 1... (Sep '08) Dec '15 Hasterts male hooker 12
News Huge Trouble at Foreign Toyota (May '09) May '15 Go Blue Forever 315
News Credit Suisse vows to fight New York mortgage s... (Dec '14) Dec '14 jack loach 1
News MBIA says Credit Suisse hid crucial documents i... (Jun '14) Jun '14 dariusrickard 2
News Obama blames ethic of greed for economy (Apr '08) May '14 Anon 6
News Lehman files bankruptcy, Merrill Lynch sold (Sep '08) May '14 hubertfields00 48
News U.S. close to bringing criminal charges against... (May '14) May '14 Philip Cohen 2
More from around the web