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Staples, Inc. Message Board

  • ametrosixual ametrosixual Feb 19, 2013 10:12 AM Flag

    Analysts At Janney Capital Markets Staples Market Multiple To Expand 12x P/E

    SPLS is the big winner and will gain market share from store closures, a multi-year restructuring, and a company overwhelmed by integration initiatives. Apart from accretion to earnings, we would expect multiple expansion at SPLS as details of the deal become public. We are raising our fair value on SPLS from $13 (previously, $17) to reflect a 12x P/E multiple as we believe the market will revalue SPLS in the wake of massive consolidation in the space.

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