Try shopping at a Staples store where no one will wait on you or buy something on line where customers do not get the item they paid for. Unhappy customers=low sales. I even tried to call Ron Sargent CEO to complain and get a resolution but he does not take complaint calls. Again unhappy customers by word of mouth will never shop there again.
Staples doesnt want your business cause you are whiney ...
you think the ceo wants to hear your complaints when he has a corporation to run? Do you can the president when your mail is late ?
stocks up, sales up, people are buying and are happy..
except for you .
The institutional investors are beginning to get
very nervous about the high PE of this stock and are
lowering thier positions. You can see there is a big
supply of sellers that kill any price rises (except
Friday when there was very light volume and one big
buyer, maybe staples themselves repurchasing, ran the
price up temporarily. The earnings just came out and
while very good they don't justify an over 60 PE. A
recent financial post was not that exciting either. A PE
of 30 to 40 of the $.44 earnings would be a stock
price of 13 to 18. I doubt if the stock would go that
low, but I would not be surprised to see it go to
about 20 between now and the next quarterly report.
Just my thoughts and why I am thinking about going
short if it gets over 28.
40-41x estimated f2000 earnings of $.69. See
Looking at the chart it seems SPLS established in May a
trading range between $26.50 and
I've been able to bounce between the Bollinger Bands
and reduce my cost by $1.50. Had I been a bit more
aggressive, I could have achieved a greater
I'm taking a long look at selling the Jun $26 5/8 or
Jun $27.50 call to further reduce cost.
SPLS falls below $25 .... I'll be looking to sell some
$20 - $25 puts.
Unbelievable.....We're giving away Free real time
quotes, interactive charts, quick charts, SEC filings,
news and your own personal portfolio tracker. The
price of our last pick went up 94 % minutes after we
released it. We pick NASDAQ and penny stocks trading below
There are overvalued stocks in every market, but Staples is not
one of them. By my calculations Staples is trading at 33X 97
earnings and only 26X 98 expected earnings and it has in excess
of a 30% growth rate. It therefore sells at a discount to its
growth rate. You won't find many stocks in this market that
trade at discounts to their growth rates. I think it is still
suffering from not completing the Office Depot merger. That was
a disappointment to many. Also, the alleged unethical behavior
of the president didn't help the image much either. Give it some
time to continue to prove it's earnings growth and the perceptions will begin to change and the stock price will move