If you go to Walmart's website you will find any office supply you need, and a lot cheaper.
Even if these two did combine their not going to over power Walmart. The economy still suks and people don't have enough money to pay more at Staples/Office Depot.
I am going to ring the register now and lock in my 75% gain. I was investing based on merger hopes, and Office Depot/Office Maxx and Staples are now in talks. So I will sell since it's up on the rumor.
Sie haben gut gemacht, Sammler! I hope you're still long the stock. I am going to sell now and take my large gain and move on. There may be even more value to pull out if they do merge, but I have almost doubled my money. Hope you're in the position for the same.
Personally, at one time, about $200 per year, from toners to papers, but times have change, everything went to digital, I spend much much less. I shop at Costco, Staples, and discount stores. You can tell by looking at the sales of OfficeDepot and OfficeMax, it has been going down for years, looking at the number of stores
closing. It's plain stupid paying for about $22 mil for each OfficeDepot store, and if that's what you think of
cornering the office supplies market.
Staples will make one of the worst decision to merge with Office Depot, I stop shopping at OfficeMax and
Office Depot years ago of high prices in everything, from papers to almost everything else, and poor customer service. I would not short the stock.
I am pretty sure that Staples is making more money than ODP is losing.
Long term sure this could be a disaster for Staples if they merge. But short term there is money to be made and IMO the only thing that is going to stop this merger are the Feds.
"I would be interested in knowing what their hopeful desired target is here. "
Their "desired target" is to clean up when they talk the ignorant shareholders into a merger. The shareholders are told how great things will be, blah, blah, blah. Not true. The only thing that places like Starboard is successful at is making money when they bully companies into doing what they want.
If Staples knuckles under and buys/or merges with O.D., it will be the beginning of the end for Staples, and the shareholders will lose their dividends.
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SPLS won’t recover, but don’t fret, Ultimate Stock Alerts (google search for them now) just gave me a replacement and I am going to buy
I don't see how Starboard expects to "unlock value" with a ODP and SPLS meger.
There are so many other options to trade stocks and make profits, this one looks like so much work and for what gain? I would be interested in knowing what their hopeful desired target is here.
I am also not sold on the Darden war they went on. Ok, so Red Lobster is gone but earning at Nov 2014 were at a loss, but the stock is up, so they won that right? But wont the stock price be dropping soon enough if cash flow does not improve? I really don't get there strategy or their expectation here.
I can appreciate shareholder activism, but I do think Starboard takes this a bit too far, but since it is there money there are playing with, I do respect their right to do this.
Just don't tell them about little Mikey's lemonade stand on the corner, they might just make a play to take that over also in a hostile proxy fight.
Why would you be a fool to hold a company that is actually profitable? I figure that it is better to have disappointing profits than no profits at all. Maybe you should go and buy yourself some Office Depot stock. When was the last time THAT company showed black on the bottom line?
that's why i sold close to $18 - too risky to hold. the stock was priced for a merger. if it does not happen, it will continue to readjust downward. personally, i don't understand why SPLS mgmt does not want to try? They may get rejected by FTC. So what. Their excuse is ODP has indigestion. Well, if SPLS mgmt is good they will fix it and reap the rewards. I guess i understand on some level the attitude that what is the rush. On the other hand, competition does not stand still. I'm with Starboard on this one. i think ultimately they will prevail. so i'm watching and if spls stock gets cheap enough - I'm will buy again....
I don't understand WHY Staples shareholders would WANT to merge with Office Depot. As soon as they do, they will lose their dividend - just as O.M. shareholders have. O.D. doesn't pay dividends. The only people who are getting rich from these ridiculous deals are the folks at Starboard and the management at O.D.
Look at it this way: Office Max - Made Money, O.D. consistently lost money. They merge. Now you have a much BIGGER company that is losing money.
Staples - Makes money. , O.D. STILL losing money. Put them together and you will have a HUGE company losing money.
Office Depot is toxic. The shareholders of Staples better vote "NO" if a merger deal ever come up.
Releases letter to Staples for public consumption. As I said previously, this merger is not happening anytime soon and speculation has fueled a premium in Staples' stock price.
Even Starboard acknowledges that Staples' stock price is inflated based on the intrinsic value of a stand alone company. I would much rather own Best Buy at this level rather than Staples.
Now they are looking into buying a cleaning products and services company called Swisher for a premium !!