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Home Depot: Bring Back Nardelli

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By Douglas A. McIntyre Published
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Home Depot’s stock is down about 7% since CEO Robert Nardellit left. The Dow is off less than 3% for the same period and Lowe’s is down about 1%.

When Nardellit left BUDD BUGATCH, FURNISHINGS RESEARCH DIR., RAYMOND JAMES told the Nighly Business report that: "Next year I think the stock will do well. I think the valuation of the stock should be in the 50s, so we see about a 20 to 25 percent upside from here in the relatively near term."

Maybe next time, Budd.  It may be hard to blame the housing slowdown on the company and the related fall to every single aspect that services any subprime mortgage houses, but shareholders were already restless.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
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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