MarketFoolery: 11.13.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 November 2012
⏱️ 17 minutes
🧾️ Download transcript
Summary
Our analysts discuss Home Depot's earnings, Microsoft's surprising move, and the future of the U.S. oil industry.
Transcript
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| 0:00.0 | It's Tuesday, November 13th. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today from Motley Fool's Special Ops, Mike Olson, |
| 0:09.0 | and from Motleyville Inside Value, Joe Maker, |
| 0:11.0 | good to see you guys. |
| 0:12.0 | Yo, good times. We've got we've got Home Depot, we've got a big story |
| 0:16.8 | in oil, we've got a lot going on at Microsoft, but let's start with Home Depot. Third |
| 0:21.4 | quarter earnings came in higher than expected. |
| 0:24.4 | The company also raised guidance. |
| 0:26.9 | Atlanta's own Home Depot, I turned to Atlanta's own Joe Meager. |
| 0:29.9 | What's going on here? |
| 0:31.3 | It's killer quarter. |
| 0:32.2 | I mean, we've talked about this on the show before, but Home Depot has spent the past |
| 0:36.0 | five, six years getting back to basics in terms of improving their in-store merchandising, |
| 0:40.3 | connecting with customers, simplifying the overall business, and it's treated them very well. |
| 0:45.4 | Gross margins continue to expand, and even if the housing recovery wasn't starting to unfold, |
| 0:51.5 | they would still be doing better right now. |
| 0:53.0 | And you're combining, you know, the ongoing improvements and logistics, merchandising that |
| 0:57.2 | they've done with a housing recovery and the numbers look great and I think they're |
| 1:01.2 | going to keep getting better. |
| 1:02.4 | To what extent of any did Hurricane Sandy factor into this quarter for Home Depot? |
| 1:07.8 | Not much. |
... |
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