Cramer’s Surprising Stance on Home Depot

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By Douglas A. McIntyre Updated Published
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In the PART 3 of Cramer’s "EVEN MORE BULLISH ON THE DOW" Cramer noted several more companies in the DJIA 30. 

He did discuss Home Depot (HD-NYSE) and while he noted almost every dislike from management and stores, he thinks it could rally $10 if housing turns around.

Cramer has been an anti-Nardelli-ite just like me, and you can CLICK HERE to see why I noted that Nardelli is in the TOP 10 CEO’s THAT NEED TO GO.  I have been amazed that Nardelli generated so many emails sent to me, but I have received many emails from current and ex-ployees describing how the company has changed for the worse.  In fairness and objectivity I have also received at least one email saying he is personally a gracious and kind person, but my stance is really how Wall Street perceives him and that the stock would instantly jump up if he would step down. 

The main criticism of Nardelli that was sent to me that I did not note in my stance in the previous stories was Nardelli’s policies taking away all the incentives for employees to think like small business owners.  There were also some obvious disgruntled employees that  felt his pay package was at their expense.

Jon C. Ogg
December 28, 2006

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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