I bought splc last week after hearing 2 analyst on Rukiser pick the stock and reading about spls as the best picks in Money Magazine. Now the stock is down. Why. Is it because all retail sales are down. Lmiller707.
I got the same impression when I read the proxy statement. It seems like they can dilute the shares and that we don't get any interest in the e-business even though we own the whole business now. Isn't this illegal? Can someone from Staples explain how this is not illegal/immoral or do we misunderstand what is going to happen? If we don't get an answer soon, we are going to vote "NO" and maybe join a class-action suit.
I'm long Staples a long time and have a nice profit, but you know what troubles me? Whenever I go in to one of their stores with a question (mainly computer oriented but not exclusively)I always know more than the guy who is supposed to be helping me. Help are always friendly but know little about the products they're trying to sell. Not good!
I went into The Wiz to buy a sound system and found the same lack of knowledge on advertised products. That is the world we live in. They will make their money on VOLUME of repeat business orders probably done on-line without sales help. Go into Macys, Penneys or any of them and try to even find the clerk. You expect them to have knowledge too? They read to me what is on the box.