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Office Depot, Inc. Message Board

  • tryingtogetthefacts tryingtogetthefacts Nov 8, 2011 10:18 AM Flag

    Insider buying

    Office Depot Inc. (ODP): ODP is one of the largest suppliers of office products and services in the world. Insiders currently hold 5.2 million shares or 1.8% of outstanding shares. On Monday last week, Director Scott Hedrick bought 50,000 shares at $2.41 for $0.12 million. In addition, on Monday, he also exercised options and acquired 35,679 shares. After both transactions, Mr. Hedrick now owns 0.19 million shares, so the 85,679 share buy was a significant addition to his holdings in the company. Overall, insiders have been heavy buyers in the last three months, buying 150,000 shares and selling none, implying a confidence in ODP’s outlook while the shares trade near 30-month lows

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