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By Alessandro Machi (about the author) Page 1 of 4 page(s)
For OpEdNews: Alessandro Machi - Writer
http://www.mercurynews.com/mld/mercurynews/16686965.htm
News Story posted below with responding commentary by Alessandro Machi.
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Posted on Tue, Feb. 13, 2007
Home Depot to consider sale of division
HOME DEPOT SUPPLY SERVES CONTRACTORS, OTHERS; NEW CEO REVIEWING OPTIONS FOR CHAIN
By Harry R. Weber
Associated Press
ATLANTA - Home Depot, the world's largest home-improvement store chain, distanced itself further from the strategies advanced by former Chief Executive Bob Nardelli as it said Monday it will consider shedding its division serving contractors, home builders and other business customers.
The company's shares rose on the news. [/endquote]
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Home Depot's stock market "value" has risen because Wall Street has approved of a strategy that minimizes the value of American Citizens who do blue collar jobs such as carpentry, plumbing, landscaping and general home improvement for a living.
-A.M.
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[quote name='Home Depot Story' date='Feb 13. 2007']
Some analysts said the decision to possibly sell Home Depot Supply could benefit the company by allowing it to focus on generating value for shareholders, while others suggested it could put the onus back on the company's retail side, where it faces tough competition from Lowe's. [/endquote]
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How does one "generate value" for Wall Street stockholders? It appears that the Wall Street investment community sees the disenfranchising of Blue Collar American Workers who work in America for other American Citizens as having inferior "value" when compared to businesses such as WalMart that sell retail products imported from other countries.
-A.M.
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