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Staples, Inc. Message Board

  • ttmstock ttmstock Nov 18, 1998 12:22 PM Flag

    Buyout of CEXP?

    I've been hearing of potential buyout of CEXP because of ODP buyout falling through. Just know SPLS is looking at CEXP right now. Would this be worth buying at all?

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    • His posts don't offend me. I am sorry he didn't
      comprehend my post. Hopefully, for his sake, he takes a year
      or two to try to figure out what I was saying;
      possibly a few years, and a brain transplant(of course),
      to study and observe the market will cut down on the
      glaring lack of acumen he exibits with each inanely
      redundant post. No skin off my neck if there are complete
      idiots investing in the market, it's their money.
      I
      noticed that SPLS has outperformed DELL if you look at
      the last 60 days<VBG>

    • I thought we'd got rid of this pollutant 'Sarju'.
      The last few days were blissful sans his offensive
      posts. If you reply, he will only stick around longer
      polluting this board. So please just ignore him Rach.
      Thanks.

    • Let me see if I can sum up your blathering post...

      "duh...I have know idea what I'm talking about..."

      Does that about do it?

    • SPLS announces new store in my new home town of
      Bend, OR. Building right next store to the new Home
      Depot being built now. Going to take some of the starch
      out of the Office Max store in town. So, now I can go
      to the same shopping area and patronize two of my
      stock investments. Both of these retailers are
      excellent investments.

      BTW, ordered my fax online
      with www.staples.com. Fairly painless and straight
      forward.

    • ODP has now almost doubled in a month(since I've
      been highlighting its relative value vs.
      SPLS)

      SPLS has done ok, up a few points in the same time
      period.

      Next stop? ODP to mid-30's, SPLS to mid-20s - at which
      point they are more fairly valued on a relative basis.

    • ODP has now almost doubled in a month(since I've
      been highlighting its relative relative to
      SPLS)

      SPLS has done ok, up a few points in the same time
      period.

      Next stop? ODP to mid-30's, SPLS to mid-20s - at which
      point they are more fairly valued on a relative basis.

      • 1 Reply to zebraspit
      • First a question -- why in the world zebraspit?
        Just out of curiousity.

        Why is SPLS worth more
        than ODP? Growth -- both past and forward looking.
        Here are the numbers -- all from Zack's.

        EPS
        Growth Rates

        Last 5 Yrs Next 5
        Actual 98/97
        99/98 Years
        SPLS 50.7 31.1 30.0 28.8
        ODP 26.7
        21.6 22.8 20.6
        Group 11.4 16.7 26.0 23.6
        S&P
        13.9 1.6 3.8 7.6


        Group is
        Retail/Miscellaneous (so the group may or not be a good comparison).
        Starting next year, ODP is expected to underperform for
        the next 5-6 years, at least. Relatively to ODP, SPLS
        is by far and away the bigger growth company. Since
        they are in the same sector, the analysts who cover
        them are, in many cases, the same, so they can compare
        apples to apples. The range of opinion on 5-year EPS
        growth is 15-25% for ODP versus 24-30 for SPLS.
        When
        SPLS growth slows, you can bet their PE will fall with
        reduced growth. That happens all the time.

        As far
        as the recent price move, you bet ODP has almost
        doubled. That's because it fell over 60% from it's July
        high. It broke well below both its 200 and 50 day
        moving average, not good signs for those who follow TA.
        From its high in July to low in October, ODP moved
        from 37.25 to 15.875 (a 57% drop). Since the low, ODP
        has climed from that 15.875 to a high of 31.5, a 98%
        increase.

        Staples on the other hand, although it broke below it's
        50 day moving average (who didn't?), it never
        dropped below the 200 day average. From the high of July
        to low in October, SPLS moved from 34 to 25.5 (a 25%
        drop). Since the low, SPLS has climed from that 25.5 to
        a high of 36.875, a 44% gain [ALL NUMBERS ARE USING
        INTRADAY HIGHS AND LOWS]. So although the percentage or
        dollar gain was not as much as ODP, SPLS did not have as
        far to go, nor was it an insignifcant
        movement.

        ODP is still almost 20% off its 52-week high. SPLS is
        a day or two off if it.

        This is not in any
        way meant to diminish ODP. For some reason I think
        that you believe the only way to pump up your ODP is
        to tear down SPLS. Why?

        Anyone else have any
        comments??

 
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