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OfficeMax Incorporated Message Board

  • b_s_shniper b_s_shniper Jul 24, 2013 2:59 PM Flag

    Office Depot really is a raw deal.

    Here's some facts on the "merger" railroad:
    1. Office Depot paid $1M to settle SEC charges of overstating earnings in 2010
    2. Office Max's corporate officers and insider trades show selling 5% of assets recently. This is a classic indication of no real faith of the officers that this merger is good for stockholders.
    3. Office Depot has had a spotty record of returning earnings and have been cited for lying about the earnings (see #1), while office max has had consistent earnings.
    4. There are at least 2 shareholder lawsuits against the merger...
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    Sentiment: Strong Sell