SPLS is kicking it up a notch in the afternoon, while ODP is getting flooded with profit takers. I know we've got our own profit takers waiting to pound on us somewhere around 28, but we're holding our own so far today on decent volume, which is a promising sign.
Ice - my passion is flying. Unfortunately, this baby's got to get to 45 before I can even thing about getting my dream machine! Hopefully it'll get there while I'm still young, single and kid-less!
Sorry, but Office Max is a Duh store. Try calling for information. Yesterday I called three times, and still could not get an answer to my question on DVD-RAM Media. Stopped in today to ask about the resolution of their color printing, and of course nobody knew what I was talking about. Call Staples and you get the right answer the 1ST time.
I shop at OMX, ODP, SPLS and CompUSA. It all depends on where you go as to how good the service is.
My wife bought a Compaq at SPLS 2 mos. ago, and it was a circus. They all have 18-25 yr. old kids as their main employees and it's a crap shoot whether anyone can answer questions accurately or in such a way you are comfortable with their answers. That's just the business model that most of the big retailers have. Hire for the lowest price, teach 'em to smile and run the cash register, don't waste time teaching anything about products, and be sure to have plenty of applications in the stack after they go on to their next job.
That being said, I own SPLS, even though I do more shopping at ODP for the sake of convenience and CompUSA for certain items because of price.
OK, enuf of the insulting side-bar discussion. On the trading/investing front, Staples is looking good today, RTQ at 27 1/4 right now... I was considering taking a ST profit again on 1/2 my position (see my posts the last month or so), and watching more...this stock has been so reliable between 22 and 27 it's hard not to trade it. But, I must say that technically, fundamentally, and my gut says we have more run-up right now, so I am going to not trade right now on my
existing range, and put off selling any shares until 30...I may get caught in a retrenchment, but I think my confidence is getting high enough that I'll just buy more overall if we go back below 24 or 25..
how are the rest of you Staples hodlers seeing the current action ??
Check out earnings growth for OMX and ODP comapared to SPLS. You'll see the definition of the word "dog".
But definitely hope that ODP/OMX stock prices can recover. Any premium they get, SPLS will get more of. The leader was brought down by the dogs. If the dogs start to run, the leader will get that much more respect. Stick with SPLS. To think that either ODP or OMX can double given their earnings growth prospects but that SPLS can't double is foolish.
There is only one alpha male, the rest of the dogs follow. Where do you really want your money in the long run? If you're trying to get quick gains here and there off pops, stay away from all three! Go for the internets...