Seeking Alpha
, Iacono Research (167 clicks)
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It wasn't too hard to guess a few years ago, back when the housing bubble began to burst, that real estate auction companies like REDC would someday be quite busy trying to liquidate 4BR+2.5BA foreclosures. But, who would have guessed they'd be selling Home Depots (NYSE:HD)?
IMAGE This ad has been in the Wednesday Real Estate section of the Wall Street Journal for a few weeks now. Hopefully, REDC will do a better job selling these than they do single family homes. Around here, the same houses just keep showing up in auction after auction.

Source: California Home Depots on the Block