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Monday, 02/03/2003

HD - Home Depot

Company Description

Home depot is a home-improvement retailer. At the close of the quarter, The Home Depot operated 1,471 retail outlets, including 1,313 Home Depot stores in the United States, 87 Home Depot stores in Canada, and 10 Home Depot stores in Mexico. The company also operates 52 EXPO Design Centers, 5 HD Supply stores, 3 Home Depot Landscape Supply stores, and one Home Depot Floor Store.

Reasons to Invest

This year they will open 200 new stores and add 40,000 associates. The financial condition remains unsurpassed in retail with $4.0 Billion in cash and more than $20 billion in equity at the end of the quarter. During the quarter, The Home Depot added 34 stores, including two stores in Mexico. At the end of the quarter, the company operated a total of 1,471 stores. The Home Depot reconfirmed that it expects to earn $0.31 diluted earnings per share for the fourth quarter of fiscal 2002, an increase of 15% over the fourth quarter of 2001 on a 13-week basis. The company also indicated that it is comfortable with $1.57 diluted earnings per share for the fiscal year, a 25% increase over fiscal 2001 on a 52-week basis. Home Depot has a 5 star rating(*****) from Morningstar rating service, which is the highest rating from Morningstar. Additionally, Home Depot has an A+ rating from Standard and Poors

Shares to Qualify = 1
Auto Reinvestment Program = yes

Minimum/Maximum = $25 min/ $100,000 Maximum
Dividend Reinvestment Fee = Yes 5% to $2.50 & commission (varies)
Cash Purchase Fees = Yes, 5% to $2.50 & commission (varies) 
Automatic Investment = Yes, 5% to $2.50 & commission (varies)

Transfer Agent: Boston Eq. 1-800-577-0177


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