It looks like about 3.5 for OMX vs 5.1 for
This is past data anyway. With the new computer
in place, turnover should be better. In any event,
of 3.5 is not so bad, unless the inventory is
as they (company and insiders) are restricted
from all stock purchase/sale activity up to the
earnings release by SEC regulations, as well as after the
earnings release. So I think they have been out of the
market since mid-April, don't know for sure the exact
Be sure to get your facts straight before making
these outlandish statements. I'll look at a low P/E and
the riskreward ration any day, SPLS is way over
valued IMO. Why don't you cut your losses in OMX? You
sound like a poker player who is losing
5/4/99: price target is $43.
they are very
"we feel confident that Staples will deliver yet
another solid quarter."
The price dip has "created a
buying opportunity for one of the best-managed retailers
in the world."
"We continue to rate Staples a Buy
with a price target of $43 based on a target P/E of
45x our CY2K EPS estimate of
Best of luck
Gosh! Did you really believe thatI did't know
that OMX is Office Max and I would be investing money
in this industry do you?.I owned both company stock
and owned SPLs from the first split.So to
quote"Getting the heck out of the industry"is to say the least
not very polite.
U better look deeper. OMX has the worst invetory
turnover relative to ODP and SPLS. Both ODP and SPLS can
turn their inventory over twice as fast as OMX. Its
clear that you have failed to realize that OMX has a
problem with distribution and logistics. The reason why
SPLS & ODP has not had an immediate negative impact on
PC sales is due to the large volume turnover of PCs.
Clearly, SPLS and ODP do not let their inventory sit
around compared to OMX.
Your comments about OMX remind me of the comments
people were making about BBY two years ago.
in depth research. You will see that OMX
is turning around.
In fact, the comparison with
BBY of two years ago is a great
one, as both
companies had problems with their computer sales.
Earnings for OMX without the computer division are up
OMX is trading at just 13x past earnings(when
charges are omitted). These charges were to realign
computer operations, and to liquidate inventory. Now OMX
solid computer retailing strategy, and will
going forward. It is great to pay only
13x past earnings
for a company that has growth of
I really do not understand how these two are
related.We longs at spls have lostsome moneyand are trying
to find an answer.is it because some insider sold
50,000 shares ,is it the shorts,is it themarket as a
whole or is it a combination of all three.I do feel it
is a combination of all three. This price of 26/ was
touched on the 26Aug 98.It would attract some
institutional buying as they have researched this stock and
have a 'buy' signal on it.This brings me back to the
question.What is this OMX all about.Good luck for tomorrow.
Look at all other stocks. It is not only SPLS.
The interest rates are going up, stock market - down.
And also looks like there are too many day traders
around SPLS now. I will hold for a while, but my
stop-loss is 24 15/16. If fund managers re-calculate the
interest rates and the current market conditions, we will
see DOW 8000 very soon.
Consumer buying is a good factor and no sign of
inflation. I believe, at this stage, there is a rotation in
stocks. Anyway, I can't believe SPLS is so low at this
point. Cheap for the growth potential. In my Opinion
only, the stock is still cheap at 26.
Warren Buffet has to do alot with the sell off.