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Office Depot, Inc. Message Board

  • blake71383 blake71383 Jan 25, 2011 12:40 PM Flag

    bought 15,000 shares at 5.39

    days like this are good...they shake out the weak hands

    ODP is now .80 off of its recent high...that is a 13+% drop from 6.10's to 5.30's

    time to buy...forget a takeover...would it be nice to wake up tomorrow with an offer of $7.50? of course it would...but ODP can get to $7.50-8 on its own

    ODP is on the verge of a positive feedback cycle...economic improvements lead to earnings improvements which lead to analyst upgrades which lead to inflows of institutional money and short covering...all of this leads ODP to the $9-10 range by the end of 2011

    sit back, relax...short term ODP has some work to do but I expect it to be back above 6 by Feb. opex...medium term, ODP is probably trading in the 8's in late spring after the May earnings report...longer term it is testing 10 by yeah end

    good luck

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ODP
4.95-0.14(-2.75%)Feb 8 3:59 PMEST