Home Depot Abandons Press Release

Home Depot (HD) abandoned the earnings release in all but name. The press release that came out today contained very little qualitative information that an investor would find useful. For a large cap stock this is shameful. I can only assume that the good stuff was included in the conference call. The press release has been castrated and management wants to deal with information in the conference call where they feel that have better control over analysts and can manage the public portion of their messages.

Open question to the board. If the CFO came to you with only this press release would you feel comfortable coming to the qualitative decisions that you are paid for. Then why should the investor.

Disclosure: No position in any stocks mentioned in this post.