I am going to double down on this guy and say that he is not good for the stock price of the company. In September of 2008 when he was CEO of Wendy's the price started at about $6.22. On 10/20/2008 the stock was at $2.72. When he left on 9/12/2011 the stock price was $4.89. Now that he is gone Wendy's stock closed at a high of $9.51 on 11/6/2013. He left Wendy's because of some nonsense reason (he did not want to relocate when the company chose a city other than Atlanta as their headquarters). Look like the company did just fine without him. What a team player?
He was CEO of DEG (that is the ticker symbol) America. Not the CEO of DEG. Therefore, he was not responsible for the price increase during the period he was there from 10/2012 and after. He left DEG when they elected their most recent CEO and overlooked him. Undoubtedly, they had seen enough of this guy and did not think he could lead the whole ship.
I take from all this the new headquarters of both companies will be Atlanta since he will leave the company if they pick another city. They might manipulate the price to put a good spin on this but the only person that thinks highly of this guy is himself and the Director of the selection committee that is somehow associated with Dunkin Donuts.
You guys are smoking crack if you think his policies will be so great for the stock price.
I never said the guy was not intelligent. I am not stating that in the long term he would not do a good job. He might do a great job beyond everyone wildest dreams. However, in the interim (he is not good for the stock). He has his work cut out. Well he was former CEO of Wendy's and that stock is recovering now that he is gone. Wendy's and Arby's merged if I am not mistaken. If he was so great why did he leave. He was a form CEO of the company that owns Food Lion. That company had all kind of problems I recall. Did it turnaround after he left or while he was their. If he was so great why did he leave. It appears that all of the companies that he was at stocks tanked while he was doing whatever he is calling accomplishments. Perhaps he is a turnaround specialist. However, it is not going to be good for the stock price while he is performing his duties.
PLEASE separate the stock price from the company and you might see the difference.
I couldn't disagree more. In reading the few stories out already, Roland Smith has extensive experience in turnarounds, integrating companies, and successfully producing positive results. I feel it is extremely short-sighted and naive to think you need a guy with only office products experience. Just the opposite - you need someone with a keen sense of business acumen of similar business circumstances to get results, looking at the gestalt or bigger picture, not a pencils, paper, and clip counter and pusher. Just my opinion. I also don't see why the stock price will go down, especially now with more clarity. The after market, post announcement is already up.
Does not sound like a logical fit? Think about it. If you had two people that understood the office supply business and they were having a challenge why in hell would you get a guy from the food and hamburger business to solve the problem. ODP in the interim is going to be the JCP of the office supply business. This guy has his work cut out. I know they are going to try and put all kind of spins on it about getting an outside guy. However, it sound F'ed up. I am going to say it again that today is a new season. A big weight is about to be dropped on the longs. I hope you took your profits and ate your Wheaties. This stock is headed below $5 tomorrow. I know the longs do not want to hear that but ODP has issues.
Everyone that wants to hold their profits need to take heed. A big weight is about to be dropped out of the sky. I hope you ate your Wheaties. What you saw Friday and today was a setup. Back below five by Wednesday.
They haven't calculated the combined share count yet in Yahoo finance. Mkt Cap based on today's price should be about 3 billion. Once the share count is adjusted you will see that.
Sentiment: Strong Buy
I want to remember your name from this post, to see when you disappear from this board. Will it be at $6.00 or at $5.75?? The synergies, the percentage of advertising spend reduction per store, the tax benefits of closing stores in overlapping cities, the merging of distribution facilities, the elimination of probably 35% head count in HQ all allocated into nearly twice the sales, they dont need to run so thin as you put it. The advantages are enormous.
Sentiment: Strong Buy
Good point, I agree. It's similar to a new coach inheriting a professional sports team that's at the bottom of league standings - the only way is up with little downside to their career. It would be an exciting challenge for a new CEO. I just hope with the new board members that a top name is selected with a good track record, is creative and innovative. Great opportunity here for the right person.
Should be soon. Was hearing they would announce this week. No idea who. I think this situation is a great opportunity for whoever gets the position. A lot of different things a new CEO could do to make a good and successful name for themselves here.
Sentiment: Strong Buy
I think after the merger and everything is settled the stock price should hit 7.50/8.00 and after that it will take a quarterly report to push it up or down from there
Sentiment: Strong Buy
That sounds good, but you have to take into consideration the hundreds of millions of dollars they are expected to spend on consolidation. Even with the money saved with the merger of the two companies, I think it is going to be hard for them to make a profit for a few years. I'm still hanging in there. I had a sell order in this time around when it started going up. Just missed it. :p
Here is the way I'm playing ODP......the stock has dropped over 10% since the merger and recent earnings announcement. This presents a buying opportunity. Once a CEO decision is made, the stock should move higher. After this, merger/consolidation details should be announced every few months or so. This should continue to boost share over the next couple of years (provided the management team doesn't screw it up and the economy doesn't go into recession). In my opinion, this is a no brainer BUY.
I told you odp bagholders that odp would see $5 and lower. notice the date on my first post.