I am all for making a profit on the shares of ODP I hold. But if I owned OMX stock, I would be raising hell.
If the combined company retains the Office Depot upper management, the company will be doomed from day one. ODP couldn't make a frigging profit if they were the ONLY office supply company.
I am holding out hope that SOMEBODY will come forward to lead this company and make it worth something.
Remember the Mexico unit is where ODP makes a huge percentage of their profit once that is gone then they will slip further and burn thru the cash which is why they must use it to help with the merger or other buy outt
The deadline for the deal is today .Any thoughts ?