To: Robert L. Nardelli, - President and CEO of Home Depot, Inc. From: Maissaa Braich, American Analysis, Inc (AAI) Date: March, 04, 2004 First of all, I would like to thank you for giving me the honor to analyze your well organized and developed company. In this memo, I am going to discuss the strategic factors facing Home Depot, the strategies that the company has been following for the past years, and the distinctive competency Home Depot …showed first 75 words of 1772 total…

…showed last 75 words of 1772 total…hammer rival Lowe's?" This year, you and your team must prove that you can sustain that momentum and demonstrate that the makeover is paying off. I think that you as a CEO is capable of leading the company to number one again. Thank you a lot for reading my memo and taking my advices and suggestions. If you would like to ask any questions or discuss any issue, please do not hesitate to contact me.