The stock price is now 37.3% below where it was at the start of the year and 25% below where I bought it just a month ago. Is there any reason for this stock to be punished this way? All I know of is false rumors and one man's opinion at DLJ. Do they really carry that much weight?
OMX and SPLS have slowly started moving up, but ODP continues to slip.
If anyone has any reasons that can be discussed here, please bring them forth.
It makes no sense. Really. None at all. "It is not logical". As I said before, that's the bad news. The good news is that there is absolutely no known viable reason that ODP won't head on back up. Question is, when? Answer is, who knows? ........... Because ........ it ........ makes ........... no ........ sense.
Hi again. Thanks for the good wishes that my being "otherwise occupied" for awhile is positive (or something to that effect). (Day off today to try and catch up with everyday life things). And yes, mostly, in the long run I believe it'll prove to be positive.
I don't really know how much this matters, but on the consumer level, it occurs to me that SPLS outlets are situated in malls, IOW, highly visible (constant reminder) and ODP seperate stores (at least in Portland, OR) are usually in standalone locations, not as easily accessible. The "new kid on the block in your face" syndrome?
I have traded this stock many times in the past year. I thought I had the deal of deals to get in at 17 7/8. Fed policy does worry me, but seriously how low can it go. SPLS is 50 P/E. We are 24. If we hold we will get our money back.