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Staples, Inc. Message Board

  • jceandthegirls jceandthegirls Feb 4, 2012 8:18 PM Flag

    Cramer/Goldman Sachs

    On Thursday, January 26 Cramer said "Don't Buy" Staples because "it has run up too much." Too much from where? On January 1 the stock sold for $14. Today, it sells for $14.77, or a change of 5 percent. Now couple this with the fact that the following Monday, GS sends out a "Sell" recommendation on SPLS. They based their recommendation on the notion that there is little room for margin improvement, people aren't buying copy paper and they don't sell Apple products (they do in Canada). Seemed like a BS analysis at best. You can draw your own conclusions, but Cramer and GS used to have an employment connection. Coincidence in the recommendations that close together. If it looks like a duck......

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SPLS
12.90-0.05(-0.35%)Sep 15 3:59 PMEDT

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