TheStreet’s Jim Cramer says Frank Blake, ex CEO of Home Depot, left the company in terrific shape and that’s why you’re seeing unbelievable numbers. Cramer says this is the best growth he’s ever seen from Home Depot. Those who are betting against these kinds of companies, he says, don’t understand that 8 percent comparable store sales numbers are unheard of. He points out that even way before the recession we never had numbers like these. The world’s number 1 home improvement chain posted a 36 percent rise in profit for the fourth quarter. The company also announced that it has boosted its quarterly dividend by 26% and that it would buy back $18 billion of shares.
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