I'm a long-time SPLS shareholder with little confidence in the stock. That said, I was in one of the stores last week, and I asked a salesperson how sales were. He told me they were pretty good even though he said nobody comes to Staples to buy the staples anymore (i.e., paper products). Instead, he said, they're doing a brisk business in computers and Android tablets. I asked him who he saw as the competition, and he said other than Apple, Best Buy was the only real competitor. I thought this was an interesting way to look at SPLS. If they can make this transition, maybe the stock will respond.
You may be right, but they are second only to Amazon in on-line sales, and it looks like the brick-and-mortar footprint will be getting smaller and more cost-effective. What they will put in those stores remains to be seen. After listening to the CC a few days ago the only real negative I heard was related to their overseas operations. They don't seem to have a handle on this yet. When they do (and I think they will sooner rather than later), and if we can get a little confidence back in the U.S. economy, we will see the stock price move up. The stock has been performing nicely for the past few days. A look at the chart suggests that once the price breaks $16 and holds it, it can move to $20 with limited resistance, IMO. I say that without much technical knowlege, but know it has been to $20 every year for the past 8 years. It has also sold for 20X earnings every year for the past 10 years, with the exception of 2011. With earnings this year expected to be greater than $1.40, we could see $28 if history repeats. For the moment, however, I have my sights on $20.