Home Depot Not Fixed

Home Depot (HD Quote) still has a long way to go in making repairs.

Shares of the leading home improvement retailer jumped 3% Wednesday on news that embattled CEO Robert Nardelli left the company. The market's initial enthusiasm over Nardelli's departure, however, could prove to be short-lived as broader issues come to light.

Declining profits, a slowing economy and heightened competition likely will keep the stock price languishing. And Home Depot's board of directors, which failed to show up at the company's annual shareholders' meeting and was ultimately responsible for Nardelli's exorbitant compensation, remains in place. ...