I disagree with your pessimistic outlook for the company & agree that VC's may or may not enter into this (the rumors are good enough to make the issue move up though...)
Staples has a HUGE online presence which is the main reason they are doing as well as they are in comparison to Office Depot & Office Max.
In fact; Staples is 2nd only to Amazon in online office equipment & electronics sales & management is aware of this fact & is moving to become #1 in this segment.
Have you ever visited the Staples website?
It is very well designed & the promos go head to head with the best.
Not to mention the fact that Staples beats Amazon on shipping cost incentives & we all know that low & no cost shipping is a huge contributor to online conversions.
Sure; we are seeing a squeeze on margins but that's happening in most retail sectors & when the economy picks up we'll see improvements in sales & margins.
I believe Staples will do just fine over the next 3 to 5 years by improving their already strong online presence & by taking advantage of struggling competitors.
After that who knows; but I'll have liquidated by then anyway.
"Why go short on something you don't like when you can go long on something you do?"
(Optimism vs Pessimism)