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Staples, Inc. Message Board

  • gswkool gswkool Nov 18, 2012 10:41 AM Flag

    SPLS reported big loss...

    "As a result of previously announced charges, on a GAAP basis, the company reported a net loss of $569 million, or $0.85 per share, from continuing operations attributable to Staples, Inc., compared to net income of $324 million, or $0.46 per diluted share, achieved in the third quarter of 2011. " They will continue to shrink, report more losses, and the spiral downward will continue. It will take some time, but the going out of business sign will be posted eventually. They don't have the products people want, they have high prices, and personally I have no reason to ever walk into a Staples store. There are plenty of other good companies to invest in. Why buy shares in this one? Another "that was easy" decision....

 
SPLS
10.99-0.20(-1.79%)Jul 25 4:00 PMEDT

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