Great for ODP shareholders. ODP is a good company, think better than SPLS if you check out the stores. Ripe for take over from Private Equity especially at the current low PPS.
Sentiment: Strong Buy
A delay does not explain a 15% drop in price today.
I think the FTC probably rejecting the deal might explain the decline much better.
They will delay it.
Forget the rest of these clowns on yahoo. If you want to make real money trading real Nasdaq
and nyse stocks you need to open a new tab, go to google and type in UltimateStockAlerts. They
have been alerting some of the biggest momentum plays thus far this year.
Potential Swing Failure - Video at StockMarketVideoc (Google them) - ODP
ODP has been showing support at $6.33 and resistance at $7.36. The buy rating at 9trading is set to 3.5.
Like I stated over 2 months ago......this thing is near dead. They have no answer for the contract side of the business. Big mistake for not accounting for that element.
Sentiment: Strong Sell