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OfficeMax Incorporated Message Board

  • sgkmia5 sgkmia5 Dec 16, 2011 8:30 AM Flag

    Potential OMX Takeover

    Just a few quick thoughts,

    OMX has approximately $485 million in cash on the balance sheet, they only have about $270 million of long term debt (of which only $45 million comes due in the next 4 years).

    The company has been profitable (yes - the earnings have not been dynamic), but they are cash flow positive.

    3/4ths of their leases expire in the next few years (which will allow them to close nonperforming stores with little expense).

    So - why is the market cap of this company only $385 million??
    Seems to me this is ripe for some kind of a private equity deal (how about $7 per share)?

    Any opinions/insight would be appreciated.

 

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