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Staples, Inc. Message Board

  • jceandthegirls jceandthegirls Jan 30, 2012 7:32 PM Flag


    Big volume put buying of SPLS on Friday. Goldman Sachs downgrades SPLS on Monday. Put buyers make a lot of money. Does something smell funny here? Like a leak of a pending downgrade? Like market manipulation? The same analyst issues a neutral rating on ODP and OMX, ostensibly on the basis that consolidation might take place (but sees little chance of that happening), and that both companies are run so poorly that the only place to go is up. The classic red herring, i.e. see, I'm not just bashing SPLS for my friends, but am providing a legitimate analysis of the industry. That can't pass the laugh test.
    You have SPLS which beats both ODP and OMX on every important metric and with a PE of 11, and this clown thinks you should sell SPLS because nobody is buying copy paper and they don't carry AAPL products. He obviously didn't spend any time analyzing SPLS or any of the companies for that matter.
    SPLS has sold for 20X earnings or more every year for the past 10 years (except 2011). If it only gets to 15X in 2012, and meets analyst estimates of $1.37, the price will be $20+ per share, or 35 percent higher than it is today. I like those odds, and will enjoy the nearly three percent dividend while I wait.

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