rumors are true
The rumors of Home Depot purchase of a local supply house are true. You did not hear that here first.
A couple weeks ago, we were told that the big box do-it-yourself chain was going to acquire Cox Lumber. Now I’m not so sure.
This week, Home Depot announced plans to buy Orlando-based Hughes Supplies for 3.2b. That sale had also been rumored for a while. An industry analyst, Michael Cox, was quoted in stories of that rumor back in November.
So now I’m wondering if this Piper Jaffray Analyst Michael Cox/Home Depot/Hughes Supply connection is the basis of the Cox Lumber rumors.
Hmmm.
Tags: news, retail, SoF - the site, tampa
Loading ...
January 12th, 2006 at 10:00 pm
RUMOR HAS IT — OR NOT
To quote Tacitus:
Rumor is not always wrong. (Life of Agricola)
Then again, sometimes it is. Maybe.
In the wake of Home Depot’s acquisition of Orlando-based Hughes Supply Inc. for $3.19 billion yesterday, the first thing that came to my mind …