I figure that if they manage to post a profit this quarter, and it is decent, the price will blow through $6. Whether it will STAY there is another matter all together. As far as the layoffs and such: They have to do that. I hate to see folks lose their jobs, but they can't have two stores right down the road from each other. This is now, and has always been, my preferred company to buy stuff.
Very good points made, especially about the stock compensation for management. Pretty much the same scenario at the legacy OMAX so I guess they were made for each other. You would think this company is enjoying software/tech or drug profits the way they reward themselves. The industry is in steady decline with no end in sight so I too have given up ever seeing any dividends on my small holdings. Barring a disaster of sorts, I would say the next real uptick in the stock price will occur once they announce a round of large layoffs in both retail and contract along with more real estate downsizing. Damn shame that it takes that type of misfortune to move the price upwards. ODP will never be mistaken for a big mover.
Sentiment: Strong Sell
If this company could start making money, stop with the huge unearned stock options, salaries, and such, and not looking for every way in the world to declare a loss, the price at today's level, compared to Staples, should be around $9.06. I am still jaded as to what I think of a dividend from ODP. Right now, I just don't think its going to happen in my lifetime. The company has a history of awarding huge stock options and salaries to upper management, and doing nothing for the shareholders. All we can hope for is stock price appreciation from this place. At least it seems to be hanging steady the last several days at least.