June 24, 2008

Large Insider Buying at Home Depot

The Stockmasters notes that a significant amount of insider buying has been taking place at the Home Depot lately. From the article:

"Once markets stabilize, Home Depot expects yearly per-share profit to rise in the double digits on a percentage basis, fueled by changes it is making to improve customer service and lower operating costs at its stores. It added that sales should rise 3 percent to 5 percent annually when markets recover."

If you have the patience, you can collect the 3.40% dividend yield while you wait for earnings to improve.

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