Tue, Jan 27, 2015, 12:00 PM EST - U.S. Markets close in 4 hrs.

Recent

% | $
Quotes you view appear here for quick access.

Staples, Inc. Message Board

  • sarju_12 sarju_12 Nov 5, 1998 4:39 PM Flag

    What is it?

    What is going on with this stock? Why it is going down?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • ALSO--Why doesn't anyone post here anymore? I feel like I'm the only stockholder left owning SPLS!! Would like some analysis from someone--Please!--Sylvester!!

      • 1 Reply to sylvester24121
      • http://biz.yahoo.com/prnews/981105/ny_s_p_per_1.html
        I don't think SPLS is losing ground currently, it's
        simply consolidating it's gains. The retail sector
        announces earnings after most other stocks, this Q earnings
        have been much more worrisome than at any other time i
        can recall recently. It's not surprising that many
        retail stocks are digesting their gains and pausing
        before earnings. SPLS has been comfortable at the P/E of
        60 or so, (which amazes me since LU has a lower P/E,
        but SPLS hasn't missed earnings either) so I am not
        concerned.
        Keep in mind that Fidelity had SPLS listed as a good
        reccession proof stock, while I have not seen cash outflows
        from SPLS, some may be switching to other securities
        if the recession scare is gone.
        I can only hope
        that SPLS is establishing some support around 30
        before the 12th. If they can establish 30 as the bottom
        before then, we could get a very nice run up after
        earnings. Keep in mind that in the past management has been
        happy to keep share price under 30, so another 2/3
        split is not out of the question in the near
        future.
        At any rate, I just bought a few Dec SPLS 35 calls
        options, in addition to my long position in SPLS.

    • Look at the P/E. It's about 62. That's much
      higher than Staples' growth rate. Unless SPLS soundly
      beats the whispered earnings, which are a couple of
      cents higher than First Call estimates, I don't see
      much upside potential in this stock for awhile.
      Remember, it started the year around 18-19. That's a
      healthy increase. The price appears to be in a trading
      range and may not break out for awhile. I've held this
      stock for 4 years and am not losing sleep over this
      stock losing a few points now. Until they miss
      earnings, this stock will continue to grow.

 
SPLS
16.870.00(0.00%)12:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.