People, wake up. Don't sell your stocks, any stock. Those big investers are playing games. They are just taking advantage of market. People think that it is Asian crisis but it is not. Our economy in excellent shape. But all those big investers sell all those stock and make the market down and then buy again at low prices. Thats why we are having a big drop one day and big high one day. Please small investors, don't freak out keep your stocks.
I'm in it for the long haul. Haven't been in SPLS stocks long, but have somee other small things i've done over the years and the one thing i did learn is to ride it out. we know it will come back eventually. anyways, if i don't hold, i'll loose big time. waiting therefore is my only option. in fact i'm gonna buy more. sues
Those who have the courage to buy at these levels ($26.00) will be well-rewarded.
The company's stock price has been overly discounted, beyond reason, and there is no justification for it. Yes, I've heard the P/E arguments, but disagree. The higher P/E is easily off-set by the company's plans to expand (wisely), and their excellent prospects for better-than-average earning's increases.
This is a relatively non-volatile stock (except for the last few days), and can be compared with other stalwarts such as The Home Depot, Wal-Mart, and Walgreens. Peter Lynch just loves the stock, which is another tremendous plus- now, we know he does his homework. And the reason that there is a disparate gap in the P/E's of the bigger office-supply stores is because of the fact that Staples will show a much more powerful ROE in the future.
There advertising is tremendously effective, and they have recently associated themselves with a stadium in the Los Angeles area.
I sleep very well at night holding Staples, and see no reason to be concerned about inter/intra-day movement. However, I must admit that during the last few days, it has been rather exciting to watch it bounce around the board. Somebody obviously wanted the stock real bad yesterday, as it jumped 2 + points when the market retreated 200 + points. Now, that was impressive!