Home Depot: Will Its Real Estate Value Ever Be Priced In?

| About: Home Depot, (HD)

Recent retail and management troubles at Home Depot (NYSE:HD) notwithstanding, they own 75% of their locations in difficult-to-replace infill areas around the US.

A private equity deal may be a stretch at a market cap of $80B, but I wouldn't be surprised if its stock became the target of opportunistic investors.

But the real question may be - will the market ever value HD based on the potential of its real estate? Would, and should, the firm and its stock lose value if it chose to sell some of its properties or use them for purposes other than its core home improvement business operations/strategy? Will/can investors view the firm differently? That requires some thought...