With April 30th almost here, what are your thoughts for the QTRLY numbers and if they are better than expected, what do you see the PPS hitting? If the merger with OMX goes through and they dump the Mexico stores, this stock is worth three times what it is trading at now IMO...
Looked at analysts number (whisper number) and they speculate .05 - .09 per share. Note that I said speculate. I believe anything above .06 would be a win, but doesn't necessarily translate to a stock gain.
No matter what the numbers are Office Depot needs to start breaking even and stop this loss every quarter and stop the money loosing programs and end the deal with BC Partners. By the time we get to a final merger deal it could be just like Office Depot trying to buy Staples and then a switch to Staples trying to buy Office Depot and then the deal did not materialized leaving Office Depot in pieces all because Office Depot cannot maintain its market share or balance sheet. A merger team needs to be put in place now to maintain balance sheet and start cutting waste and get ready to form a better company.
I will be surprised if they manage to make a profit. But, seeing as how this Office Max thing is in the air, it would not surprise me if they didn't move some numbers around to make it the books look better than what they actually are. I would not put anything past that bunch.
I still say that under the present management, this company is doomed. That's a shame too as it is an old player in the office products field. Bad management through the years have left it floundering with a questionable future. If the merger doesn't happen, I think we are S.O.L.