Stock Research Home Depot – Great Manager Blows Himself Up
Stock Research and Home Depot are in the news again. This is a result of the firing of the CEO, Bob Nardelli, and what a story it is. You have to step back for a moment and think about any companys history that you are doing stock research on. You must have an understanding of the companys history. As a professional investor, when I think of a companys history, I am more concerned about corporate culture than just about anything else. History shows that a great corporate culture will produce great results. The opposite is true as well.
I was involved with Home Depot in the beginning. I watched and almost participated in the original private placement for the company over 25 years ago. Thats another $100 million I am never going to have. What made this company really go, were the two founders, Bernie Marcus and Arthur Blanc. They created an entrepreneurial store atmosphere where a lot of what went on rested in the hands of the store manager.
For more than 20 years, the company had a spectacular run. It was one of the greatest stock market performances in modern history. It all came apart...
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