based on that analysis there would be no brick and mortar stores left. Alot of people in the world like to "touch" the product, not just order it from a catalog. But if you like catalogs why don't you look at Quill which of course is owned by Staples, or if you like the net, log on to Staples.com or Quill.com both operated by Staples. They can't lose. 29 consectutive quarters of profits, growth, B2B coverage. Don't let a little time bother you, I went through this exact thing with Schwab. It slowly drifted lower and lower even though everyone said it was great. It got down into the middle 30's. Its now in the middle 50's and has been over 60 recently.
Look at the valuations, make a decision, then believe in your decision. They have been selling about 5 million shares a day, with a price of $100,000,000 per day, some one is buying it. When the company gets noticed it will return to the upper 20's or lower 30's for a new resting place.
the market overall. There's a lot of people that made a lot of money in the market last year. Record high after record high. This in the light of other preasures has created a lot of preasure in itself. Those taxes are due to be in the mail Friday. Those who haven't covered will be finalizing there tax selloff in the next day or two. This will relieve some of the preasure. It's been a busy couple of weeks, MSFT antitrust, all of the dot coms that continue to show losses. Every now and then the market has to clean itself up. Greenspans comments hasn't helped any. The strong will survive. If you have consistant good earnings, you will survive, and even if you don't have earnings, if you're making good progress in that direction, you'll survive as well. There are a lot of dot com's that are not going to survive simply because they will never show a profit. Staples is caught up in a high tech hype atmosphere where valuations are running wild. They are a solid company and they are the giant in there world. The bigger you are the more you sell the cheaper you can buy the stuff. The difference in Staples.com and other e-comerce is that staples really targets the small and mid size companys and offices. These customers have limited personel and they already know what they want or need. They virtually all have internet connections and if they can jump on their computer and order what they need and have it delivered that day for free, You tell me, What are they going to do. It's a real service and a cost savings to not have to send someone out for the supplies they need. They touch it and feel it everyday, they don't need to see if it's fresh. It's not like having to try on a pair of shows or pant's. It fits the printer everytime. This is a truely a service and time/cost savings for customers. They will aplaud it once they start using it. There is still a lot of distrust among the private sector about doing business over the internet and we are a long way from overcoming that but in business, it's not that way anymore. Most of the distrust people overcame was a result of conducting business through the internet on their jobs. Sorry, I got kind of carried away. Genie pissed me off.