Staples Inc. (NASDAQ:SPLS - news) fell $1.88 to
$24.50 after analyst Gary Balter at DLJ downgraded the
stock to 'market perform' from 'buy.' However, analyst
Linda Kristiansen at Schroder & Co. reiterated her
'outperform significantly' rating.
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better. This is the most undervalued stock ever.
It is the leading producer of radioactive seeds used
to treat prostate cancer. The company just beated
the estimate by $.2. The company is planning to apply
this technology on other forms of cancer. It has a
very powerful partner, Johnson & Johnson. TGX Will
beat the street next quarter. I see a great future
ahead of this company.
It is just way
See you up and good luck
Great day and week for staples. My ass is hurting
from the screwing I'm getting from this stock. Let's
see last 6 days,
8/3/99 -1 1/2
3/8 at noon
A great 6 day 20% slamming to brighten
Better yet, a great 3 day -17% ass
This may be the first year since spls went public it
will lose money. YTD down from 29 1/8 to 24. We are
already down 18% YTD. Worse than that. Staples off high
of 35 15/16, a -33% plunge.
This is the quiet period and the company reports
earnings on August 18. I suspect that the earnings will
meet expectations and that forward projections will be
good. It is a buy now in my opinion. I own it am
holding and buying more. We should all call or write DLJ
about lumping all the stocks into one group. They
downgraded Office Max ,Home Depot, and Staples. Staples does
not belong in a downgrade mode. Just keep the faith.
Most pros i've talked to this a.m., view this as
a tremendous buying opportunity. spls has met or
beat estimates constantly. i can see how the internets
have lost value since they were way over valued to
begin with. spls @ 28 - 30 is not. this is a great
investment medium to long term. best to all.
personally i've ALWAYS done well when buying on a downgrade
not an upgrade. lets face it, what better way for DLJ
to accumulate lots of shares rather cheaply! Then
#'s come out and they are good, price jumps, nice
profit. something to think about.
your take on DLJ. I've seen DLJ downgrade strong
companies before for no discernable reason. SPLS has
consistantly come in with positive earnings surprises, good
growth numbers, positive returns on assets, and they
have very little debt. To me this suggest strong
management and an effective buisness strategy. DLJ
downgrades right before the back-to-school buying frenzy???
I don't know how much of this buisness Staples
gets, but I sure it's considerable. Bought today at an
It is not new. they down grade and then buy.This
coupled with shorting, really sends the stock into a tail
spin.But rest assured the numbers will be fine and the
price would go back.Of course someone has a nice profit
and others lost out.Good Luck