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OfficeMax Incorporated Message Board

justa_country_boy 2247 posts  |  Last Activity: May 16, 2016 8:53 PM Member since: Jan 14, 2000
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  • justa_country_boy justa_country_boy May 16, 2016 8:53 PM Flag

    The management of Office Depot have always put themselves first. I have bought and sold shares of this company many times in the past, and I am happy to say that I came out ahead. The very idea that this merger would be approved was ludicrous to begin with. Offfice Depot was still working on the buy out of OfficeMax and had a ways to go with that. The ONLY reason this whole stupid idea was put forth was because Jeffery Smith bullied about and got his way again. HE didn't give a squat about the merger itself as he has more than made his money back by buying and selling the stock of both companies. Office Depot ruined the good company that was OfficeMax, and I guarantee you that Staples is a hell of a lot better off without this albatross. Office Depot is a toxic company. Always has been, always will be.

  • Reply to

    Starboard Should Have Taken ODP Private...

    by twommiles Dec 22, 2015 6:34 AM
    justa_country_boy justa_country_boy Jan 13, 2016 2:22 PM Flag

    It doesn't matter how much it goes up, it will come back down. Until this company can show "Black" on the bottom lone, they are worthless. They ALWAYS manage to have a red bottom line, and any thought of ever paying a dividend is like pssngi in the wind.

  • Reply to

    What's next for ODP?

    by dymolabels Dec 8, 2015 6:29 AM
    justa_country_boy justa_country_boy Jan 13, 2016 2:20 PM Flag

    Office Depot has never had any "talent". All this company has had for a great many years is upper management stuffing their pockets at the expense of the shareholders. This whole merger bull shti was rammed down Staples neck by Starboard just so Starboard cold make a shti load of money. Staples is better off without Office Depot and it's problems hanging around Staple's neck.

  • Reply to

    Time to call off the deal

    by barney67895 Dec 9, 2015 4:50 PM
    justa_country_boy justa_country_boy Dec 15, 2015 6:24 PM Flag

    I agree . mostly. There was nothing worthy about any of this. Staples was bullied into this sham of a marriage by Starboard simply so Starboard could make a boatload of money. Office Depot is a cpra company. Staples pays dividends whereas Office Depot shareholders never get anything except notices of raises granted to management. I hope that it does not happen.

  • Reply to

    ODP can't be $5.59

    by twommiles Dec 8, 2015 10:40 AM
    justa_country_boy justa_country_boy Dec 8, 2015 6:06 PM Flag

    Because it doesn't matter how much money the company makes, they always find a way to have a RED bottom line. Stockholders will never see a dividend from this company. The management at Staples was bullied into the deal by Jeffery Smith so that HE could make a quick buck.

  • justa_country_boy justa_country_boy Dec 8, 2015 6:04 PM Flag

    Office Depot has NEVER had any sort of competent leadership. It was always about how many dollars management could stuff into THEIR pockets. The average stockholder has been making the parasites rich for years simply because BIG holders get their way, and people like Jeffery Smith bullies their way to the top to make a quick buck. The merger should NOT be allowed to happen.

  • Reply to

    ODP gets $250 Million Breakup Fee for Staples

    by pvtrader88 Dec 7, 2015 1:36 PM
    justa_country_boy justa_country_boy Dec 7, 2015 5:03 PM Flag

    ODP is a cpra company. It do not pay dividends because they always find a way to make the bottom line RED. OfficeMax was the better of the two, and now it is gone. The only thing that investors can hope for with the present ODP is stock appreciation, which will not happen without Staples. The only reason the buyout was even thought of was because Jeffery Smith and his cronies thought to force ODP down Staples throat. I hope they lose their shirts because of this.

    Sentiment: Strong Sell

  • Reply to

    Not right

    by heydog37 Sep 29, 2015 11:55 AM
    justa_country_boy justa_country_boy Sep 30, 2015 11:59 PM Flag

    O.D. is a toxic company. The best thing that Staples could do is just pay the penalty and let the deal die. O.D. will eventually go bankrupt and Staples will have it all for nothing. This whole thing was brought about by a few people who wanted to make a shti load of money. Jeffrey Smith bullied his way through with Office Depot, and before the ink had time to even dry, he was bullying his way into Staples. This deal should be squashed like the annoying little bug that Smith is.

  • justa_country_boy justa_country_boy Jul 27, 2015 1:34 PM Flag

    Staples is barely making money as it is. If they take on the perpetually losing balance sheet of Office Depot, it will be the end of both of them. Staples would be much better off just sitting on the sidelines and waiting until Office Depot finally implodes and goes out of business. Staples could then just go in and buy up some of the stores (that actually make a profit) in areas that they are not in at the present time. Add to that the dividend problem. If this deal goes through, I would bet that there will not be any more dividends to Staple holders for the foreseeable future. I help Office Depot for a long time and made a profit on it a few times, but I have always felt that the Office Depot company was toxic.

  • Reply to

    Dividends payout 0.12

    by jwhdsh1 Jun 1, 2015 4:50 PM
    justa_country_boy justa_country_boy Jun 5, 2015 2:31 PM Flag

    You better enjoy anything you can get. When Office Depot is brought into the fold, there will not be any more dividends. The purchase of O.D. is the worst thing management of Staples have ever done to their shareholders. The sad part of it is they were bullied into it by one big holder who will make a fortune from the "merger".

  • justa_country_boy justa_country_boy Apr 2, 2015 4:07 PM Flag

    Staples is looking for a junk status loan to buy this ragtag company. That should tell investors how good the deal REALLY is. :p

  • justa_country_boy by justa_country_boy Mar 13, 2015 11:19 PM Flag

    When the idiots buy Office Depot, dividends will just be wishful thinking. This whole thing is going down just to enrich a few shareholders. The small holder will be screwed, like usual.

  • justa_country_boy justa_country_boy Feb 27, 2015 1:33 PM Flag

    The same with me. I made plenty off of this stock, but I didn't think Staples would be so stupid as to do a merger. If Starboard were not bullying them, I do not think it would have happened for at least another five years, if at all. I can't understand how these huge companies let one shareholder bully them so much when they KNOW all that holder wants to do is get it high enough to dump. If I were a holder of Staples, I would vote a resounding "NO".

  • justa_country_boy by justa_country_boy Feb 26, 2015 1:04 PM Flag

    Nothing has changed with this company. They make their earnings calls seem so upbeat, yet they can't hide the fact that their bottom line is STILL RED. WOW!!! They beat expectations, they earned this or that...BUT IT IS STILL RED on the bottom line.

    If Staples does NOT end up buying this company, it will eventually go the way of the dinosaur. If Staples DOES end up buying O.D., then Staples will be doomed as well.

    The only thing that O.D. does well is hemorrhage money.

  • justa_country_boy justa_country_boy Feb 11, 2015 2:10 PM Flag

    I would not be too positive on that Dividend if I were you. Chances are pretty much that it will be history sooner or later when Staples takes on the toxic O.D. mess.

  • Reply to

    Disappointing holiday sales

    by roryyoder Dec 31, 2014 10:08 AM
    justa_country_boy justa_country_boy Feb 2, 2015 12:32 PM Flag

    Dude....Things have been ugly with ODP for a great many years now. The difference NOW is that Jeffery Smith and company is trying to bully O.D. and Staples into merging so that his company can clean up. Staples needs to steer clear of O.D. and tell Mr Smith to go to hlle.

  • Reply to

    Interesting time for this company

    by johnrobert1964 Jan 21, 2015 9:05 AM
    justa_country_boy justa_country_boy Jan 21, 2015 1:32 PM Flag

    "I would be interested in knowing what their hopeful desired target is here. "
    Their "desired target" is to clean up when they talk the ignorant shareholders into a merger. The shareholders are told how great things will be, blah, blah, blah. Not true. The only thing that places like Starboard is successful at is making money when they bully companies into doing what they want.

    If Staples knuckles under and buys/or merges with O.D., it will be the beginning of the end for Staples, and the shareholders will lose their dividends.

  • Reply to

    Staples' CEO decides not to take raise

    by archie_bunker_here Jan 15, 2015 8:48 AM
    justa_country_boy justa_country_boy Jan 20, 2015 11:17 PM Flag

    Why would you be a fool to hold a company that is actually profitable? I figure that it is better to have disappointing profits than no profits at all. Maybe you should go and buy yourself some Office Depot stock. When was the last time THAT company showed black on the bottom line?

  • Reply to

    Starboard getting desperate

    by archie_bunker_here Jan 20, 2015 11:30 AM
    justa_country_boy justa_country_boy Jan 20, 2015 6:07 PM Flag

    I don't understand WHY Staples shareholders would WANT to merge with Office Depot. As soon as they do, they will lose their dividend - just as O.M. shareholders have. O.D. doesn't pay dividends. The only people who are getting rich from these ridiculous deals are the folks at Starboard and the management at O.D.

    Look at it this way: Office Max - Made Money, O.D. consistently lost money. They merge. Now you have a much BIGGER company that is losing money.

    Staples - Makes money. , O.D. STILL losing money. Put them together and you will have a HUGE company losing money.

    Office Depot is toxic. The shareholders of Staples better vote "NO" if a merger deal ever come up.

  • Reply to

    I just don't get it.

    by justa_country_boy Dec 16, 2014 2:00 PM
    justa_country_boy justa_country_boy Dec 19, 2014 11:33 AM Flag

    I said: "They are still the same companies folks. They are worth no more now than a few months ago.". Tell me, has their sales gone up astronomically since that announcement? Has Jesus Christ come down and started running one of the companies and said that it will hence forth be the greatest company in existence? No? Then re-read the original post.

    The actual value of the companies has not changed. The perceived value has changed because of rumors of a merger or sale. If people want to go head over heals in a pyramid scheme, that's fine with me. But just because two companies MIGHT merge does not make them more valuable - Especially when one of them never shows anything but red on the bottom line, and seems to have never paid a dividend. I would almost guarantee you that Staples owners will lose their dividend if Staples does INDEED buy O.D.

    Consider the prices of each before this circus started. Why were they at that level? What has happened ti either one of them to make them more valuable? Nothing. Now, keep thinking about it and put the two companies together.

    After the "merger or buyout" the company will have approximately 1.2 billion shares (roughly the number of each company now added together). Now, think real hard about how many hundreds of millions of dollars O.D. is running through "right now" trying to get its ducks in a row after taking over O.M. It will be even worse this time around because both companies are much bigger.

    So, if this "merger" or whatever people want to call it happens, instead of Staples being a money making machine, as they are now, Staples will just be another "Office Depot" struggling to figure out what color of red pen to use for its bottom line.

    Staples shareholders will rue the day this happens: They will eventually have a falling stock price and no dividends on top of that. Office Depot is a toxic company. Staples should steer clear.