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Office Depot, Inc. Message Board

  • edsmoe edsmoe Jul 12, 2007 2:47 PM Flag

    Market up big, ODP down?

     

    If Dow up almost 200 and ODP is down, when can I expect this dog to get back up?

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    • I think that there is no question that as poorly as Depot is being run they will be a survivor in this business. In fact there is a chance that they might buy Max. Not based on the rumors floating around on this message board, I just think that someone will buy them and it could be ODP.
      My point is if they do buy Max it will turn out to be another mess and since Max is a bit more than the 2% of ODP's volume (Allied purchase) it would get them into allot more trouble. That would be interesting to see.

    • Great post. At least some on this message board can back up their statements with some facts. You couldn't be more right about the mergers and acquisitions and the direction of this company. I just can't wait to see what they do next........

    • Mr. Crazy - Part 1
      �Trying to be objective before making my buy when office Depot hits $25 in the next several days.�
      Did you buy at $25?
      I just cannot see buying this stock. Take a look at the 1 year chart and it does not look good. The stock is making new lows all the time. You think that you are going to catch a low and ride it up and sell. You must be allot smarter than most people because almost no one can time the market consistently. There is no reason for this price to rise � none.
      �OK staples guy- Since you bring up the Allied purchase in every post,convince me how the mishandling of the Allied purchase it made 2 years ago should make me stay away from this stock. Keep in mind that at the time it was purchased the Allied total annual revenue was less than 2% of Depot's annual revenue. I am finding it difficult to understand how even if every single Allied customer went to a competitor it would have any effect at all on their stock price.�
      Speaking only for the B to B side of Depot every purchase they have made has turned into a train wreck. Depot does not know how to do a proper integration. You probably want to forget this but Eastman�s was their first contract dealer purchase and did not go well.
      Remember the mail order business they bought � Viking. This were the number one mail order company in the industry � admired by all in the business. Depot blew that one � in fact the name has been eliminated in the USA.
      Then of course the latest - Allied which again turned out to be a disaster. Depot has lost over half the business to competitor�s tike W.B. Mason. The rest will be gone soon enough.
      Sure it is only 2% of the total business but I do not want to own a company that is this incompetent.
      �If you read my posts I don't care if staples is a better company, I am looking to make a quick buck. I read the article, good info but proves my point. Staples is selling around 25 a share with a 12 month target price of $28 and Depot is selling at $29 a share with a target of $38. Depot is the more undervalued of the two companies. Why do most analysts beleieve Depot is more undervalued than Staples? You don't agree that investing in undervalued stocks is a smart thing to do?�

      I think that Depot is correctly to overvalued. I do not know what analysts you are looking at but the ones I read and have a good understanding of the industry know that Staples is the better of the two companies.
      Look at a 1 year chart of the two stocks. Does not look very good for either compared to an index like the S&P 500 � S&P is +15%, SPLS + 5%, ODP -25%.
      So Depot is just not something I want to own.
      �I only invest in undervalued stocks and have not lost money yet. Convince me to buy Staples over Depot next week. Tell me how my investment of $50K in Staples will make me more money over the next 6-12 months than if I put it in Depot. You say I make no sense all I am hearing from you is the same allied story over and over. I have a formula for investing and it has worked over the years. Maybe you can help me improve it. I will not be shocked if you don't reply, thus far you have not exhibited any investment knowledge or experience in any of your posts.�
      I am quoting you Mr. officesupplycrazy
      �I only invest in undervalued stocks and have not lost money yet.�
      If you have not lost money yet why are you wasting your time here on this board? If I were you I would be out on vacation or selling books on your very unique money making system. Your 50K or 100K or 1000K investment is not the point and is not impressive.
      Depot is a lousy company with very poor management and I choose not to invest in poorly run companies.
      As I said almost no one is smart enough to consistently get in and out by timing the market and make money. Perhaps you are � but I very much doubt that you Mr. officesupplycrazy is one of the very very few.
      Money is made by buying and holding quality stocks - ODP is not one of them.

    • I don't think it is going back up anytime soon, until they show growth in same store sales.

    • I'd wait and see who buys up troubled OMX first. If you are so crazy about the office supply industry so much, didn't you hop on the train and make fortune with OMX? That peaked out at $55 a few months ago. I guess it all depends if you are in it for the short term to make a quick buck or in it for the long term? ODP and SPLS could be good investments, just depends on what kind of investor you are. SPLS definitely has their sights on the long term while ODP is short term and acquisition hungry.

      Usually people do somewhat care if the company they are investing is a good company, not just what some idiot like Cramer spouts off about the "target" price.

    • Trying to be objective before making my buy when office Depot hits $25 in the next several days.

      OK staples guy- Since you bring up the Allied purchase in every post,convince me how the mishandling of the Allied purchase it made 2 years ago should make me stay away from this stock. Keep in mind that at the time it was purchased the Allied total annual revenue was less than 2% of Depot's annual revenue. I am finding it difficult to understand how even if every single Allied customer went to a competitor it would have any effect at all on their stock price.

      If you read my posts I don't care if staples is a better company, I am looking to make a quick buck. I read the article, good info but proves my point. Staples is selling around 25 a share with a 12 month target price of $28 and Depot is selling at $29 a share with a target of $38. Depot is the more undervalued of the two companies. Why do most analysts beleieve Depot is more undervalued than Staples? You don't agree that investing in undervalued stocks is a smart thing to do?

      I only invest in undervalued stocks and have not lost money yet. Convince me to buy Staples over Depot next week. Tell me how my investment of $50K in Staples will make me more money over the next 6-12 months than if I put it in Depot. You say I make no sense all I am hearing from you is the same allied story over and over. I have a formula for investing and it has worked over the years. Maybe you can help me improve it. I will not be shocked if you don't reply, thus far you have not exhibited any investment knowledge or experience in any of your posts.

    • When Staples buys the company.

    • Mr ODPIDIOT
      First of all "The Expert" seems a bit upset. Perhaps it is because he does not know what he is talking about. There is one thing he says that is possible and it is possible that ODP might rise in price. Not based on any of his analysis but any stock can go up or down.
      Anyway - just for the record I have nothing to do with Staples Nothing. I do know a few things about the OP industry though.
      The ODP purchase of Allied was a debacle and I know a few things about Allied. Notice that they (ODP) does not mention it anymore - just too embarrassing. They have lost over half of the business that they paid for so WB Mason got Allied�s business for nothing. Great deal for Leo. The half they still have left hates Depot. They just have not switched yet but they will.
      Finally, I have nothing against Depot it is just that Staples much is a better company. On the contract side the Staples people are far better than Depot but that is just my opinion.
      If you get a chance take a look at this Forbes article about SPLS. You will find it interesting.

      http://money.cnn.com/2007/07/13/news/companies/pluggedin_boyle_staples.fortune/

    • No offense to the employees of either company but I am in this for the money, since their new CEO took over OD stock took a jump and then the price fluctuates with almost predictable regularity, which makes it is an easier stock to play around with. When I heard they were sending out early warnings on Q2 my buy alarm went off. Staples is the number one office supply company. They may be the best at picking store locations, have the best customer service, integrate purchased companies flawlessly and lead the universe in all selling catagories, it's still not the stock I am going to buy at this time for a short term gain as they are not poised for a dip in price like Depot is. The Staples guy blindly bashes everyone but Staples, I am not bashing Staples or OD just trying to make $$$. Never said Depot was a better company than Staples just said I have made more money buying and selling Depot stock than I have with Staples and that Depot is not a bad company to invest in or is not in financial trouble, then I start getting critical posts from the Staples PR guy, who, by the way, has to work for the company, he's on the Staples board referencing internal memos the day they are distributed.
      They are both fortune 100 companies with strong financials neither company is going to close it's doors anytime soon. Heck I can't tell one store from the other when I am inside one of them.
      Maybe Staples101 and the expert are one in the same, they both make pretty wild accusations. Example from staples101- ODs numbers were horrible in q2, how does he know and what is horrible? flat sales or 1 percent sales gains thats what we will probably hear and thats a quick turn around, now if their sales are off by 30% and they announce massive layoffs that would be horrible, but we all know that is not going to happen. Then the guy cites a stable credit rating to back up his statement, give me a break. I am done with this board, too much else to do. Watch the OD price next week, I am buying. I'll come back when I sell and let the Staples guy know how much money I made.

    • Check out the related news on Depot from last week. They made some early announcement to specific analysts of anticipated poor Q2 performance, there is some question on whether the early leak was legit. At any rate would guess that's why it is dropping now.

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