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OfficeMax Incorporated Message Board

  • voclrmet voclrmet Aug 28, 2013 2:36 PM Flag

    Pretty strong

    The buy rating for OMX at 9trading website is set to 6 with the 13.42 target price in short term.

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    • FINALLY. Should climb to $11.80. CEO selection should be announced soon to keep ODP at $4.40 level maybe even spike up to $4.60 if Austrian and Saligram are out completely.

    • OMX should start to trade off ODP merger pricing of x2.69. Currently running a 4% discount. It will eventually repeak at 11.50 at that discount rate with ODP hitting its 4.40 ceiling by the actual merger settlement. If you hold on for the conversion, watch for ODP to drop back down unless the new BOD hasn't made headway with the old management ie Austrian is still mulling around.

      ODP is 5.5 with target 5.12 but more realistic is analyst call of $4.60-$4.80 although that does not take into account post-merger. OMX on its own is $12.00 so if factored in, ODP is about $5.00.