I'm certainly pleased that we got .12. I'm worried because I've already had 2 stocks report 25% positive surprises to be treated with 30-40% price declines. However, Staples is more stable and I'm not worried. I did get worried when I saw the headline on the Yahoo! news for Staples which trumpeted 'STAPLES STOCK FALLS". When you read the article is says on instinet we're down 1/16 to 31-5/8. WHOOPIE!!!! Sounds like another news organization blowing things out of proportion again. Thanks for the coronary, Reuters.
Don't sweat the split. It'll be coming in the next few months. I've been in Staples now for less than 4 months and I'm up over 35%. It has been the star of my portfolio.
Just checked earlier messages -- the last split was on 1/30/98 -- 6 months ago. One split a year is enough. Don't you think 2 in a year is a bit much?
i just read reuters story about spls falling after the bell and spls was down % FROM QUARTER LAST YEAR! ARE THESE PEOPLE SMOKING CRACK. SOMETHING HAS GOT TO BE DONE WITH SLANTED UNINFORMED REPORTING. lets see sales up 30 % spls beats estimates this quarter and this is their SLOW quarter. this type of reporting is enough to make people stop reading and reuters stories, just total irresponsibility.
The consensus estimates were .11 to .12. Therefore, the beating of estimates is in the eyes of the beholder in this particular situation. I put more importance to the upgrade this morning, although a single upgrade has only a one day effect, usually. The strategy should be to hold and buy on the dips, as shalow as they are with SPLS. Great company.