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OfficeMax Incorporated Message Board

  • abacus6 abacus6 Jul 15, 1998 7:44 AM Flag


    83% is owned by
    BCC)missed estimates by .01. Both rose. The stock prices of
    these two companies have been poor performers over the
    past two years for reasons common to the paper groups
    in general.I invested in them primarily because I
    see them as merger-ripe.BOP sells BCC's paper(BOP is
    BCC's largest customer) and is profitable.The dynamic
    here is one or the other is going to have to merge
    with someone.Watch for a stock buy back by BCC of
    BOP(the paper selling channel).If BCC could be more
    profitable with paper and BOP could get a better slice of
    that profit in its channel then BOP would be more
    profitable.One scenario: BCC merges and BOP is a channell for
    the new larger paper company.Or BOP merges with a
    Staples or a Depot and BCC has a new and larger channel.
    The bottom line is the two cannot help eachother
    enough in the current enviorement because both while
    good are not scaled right.Interesting isn't it?