its $11.25 now you lost a huge percentage of your money so I was right
Who would buy them? SPLS is the biggest in the industry and then comes ODP. Both are in consolidation closing a combined 655 stores nationwide over 3 years . And what company that's not in office supplies would want to be in this industry? It wasn't too long ago SPLS would be in the crosshairs of private equity , but even they seem uninterested . One thing is certain , the physical retail model for the office supply business is broken. SPLS is considering opening Post Offices services in select stores. They are also equipping stores with 3-D printers and they recently bought a digital printing company with many well known corporate clients. Perhaps they should also consider reducing inventory of many slow moving office paper products along with reducing the size of stores . Giving store management more control of discount sales can help manage inventory better, getting rid of dead inventory ,increasing inventory turnover and stocking stores with what sells . Hey , but what do I know about any of this? This is just my 2 cents.
since the 52 week high. Hard to believe there are no large activist shareholders. I urge the BOD to pursue strategic alternatives while the company it still profitable and generating 600m in free cash flow.
Not to mention that Staples is the #3 online seller behind Amazon and Apple. Fortunately for the poster nobody takes anything posted on these boards as serious advice. If they can't be bothered to learn how to read a balance sheet, they really have no business investing in individual stocks.
Two problems with that: (1) Staples is the #3 Online sales company behind Amazon's and Apple. What it is doing is getting out of the physical store business, and that is expensive, and (2) It is, and has been profitable. It isn't showing a loss, and frankly at the current levels, pays on hell of a dividend. Radioshack on the the other hand...
Same strategy, focus on mobile phone sales in an already saturated market.
Waited for help there only to be told the only person that knew anything about iPads was busy selling a phone.
Respectfully, I disagree. The flunkies are his trusted advisors. The consultants have great understanding theory but little experience with reality. Flunkies+consultants= disaster.
Store managers that are not meeting or beating SSS are getting raked over the coals by middle management, yet Ron and co are untouchable.
It is good leadership to ask for input from trusted advisors. However, if you feel you need to bring in all these consultants why are you still paying all your hired flunkies like Joe Doody, Christine Komola, Shira Goodman, Demos and Otis? Cut some fat, start at the top.
The CEO stated that SPLS will finish the year , 2014,with $600 million in free cashflow. That matches approximately what they did last year, when they bought back shares and increased the dividend (mind you , they used $1 billion in cash they had on hand to reduce debt by $800 something million and the rest for the buyback )
I have no idea what your talking about. The company may have issues and challenges that it faces, but to say the company does not have money and is moving toward bankruptcy within 16-18 months would be a huge strech. Factor that in with the fact that business to business is actually flat lining to slightly increasing overall top line revenue. Margin pressures have largely stabilized as Amazon moves to profitability.
Revenues beat expectations. Maybe the pressure on cost cutting measures to improve EPS is already clear.
46 million in one time store closure costs for this quarter took quite a bite out of earnings. Margin benefits to be realized later.