It never ceases to amaze how stocks seem to go up when thousands of workers are laid off. Once before a merger was prevented between Office Max and Office Depot. But the Obama Administration has bowed down before the gods of capitalist profits. And so thousands of employees at Office Depot will lose their jobs with the closing of about 400 stores. And as these employees look through their fingers, the stock holders laugh all the way to the bank. Isn't something wrong with this picture?
Check it out! This company has a bad record with regards to working conditions. It's odd that the government allowed ODP to merge with OMX, considering that such a merger was once blocked before. Now 400 stores have to close, and many employees lose their jobs. I wonder if these employees will also have ODP fight their meager unemployment benefits like they did before in Wisconsin. Yes, its slash all benefits, keep the buildings cold in the Winter and hot in the Summer, move the time clocks to the front of the stores, and look for excuses to fire employees so they don't have to be paid too much. Capitalism at its finest!
It was just on the news that odp is closing 400 stores. What a loser! 10,000 to 20,000 people to lose jobs on account of this lemon. You want to know how good this retail stock is? Work there. Then you'll see how bad the employees are treated.
Sentiment: Strong Sell
This company is #$%$ and will always be #$%$. There is too much competition in the Office supply business. And besides, the economy is slowing down. When the people find out how much Obamacare is going to cost them each month, expect a stock market crash.
Sentiment: Strong Sell
Well, I told you so. For those of you paying attention, Office Depot was a terrible place to work, and still may be. And when employees are mistreated, what do you expect from management? Fact is that the USA economy is in the tank. It has never recovered. People are shopping at big, big stores to save money. They no longer go to small retail outfits like Office Depot.
Having worked at ODP for close to a decade, I must say that it is regrettable that Office Depot is taking over OMX rather than the other way around. The way ODP treats its employees stinks. Now rather than stop at Office Max to have copies made, I will go to some other store. Expect a lot of employees to be fired and a lot of stores to close in the race for profits. In fact, those employees let go can collect unemployment and may be the lucky ones.
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I worked for this company for 9 years, so I can tell you. The work conditions stink. The employees are treated like dirt. You can check this out on the internet for yourself. My recommendation is to never buy stock in a company where there is high employee dissatisfaction, If the stock of a company is at junk status (
This stock is junk. The management of the company went downhill ever since the appointment of Odland. For what ever you need to buy, you can get better deals elsewhere.
I could just spit at the mention of Ford. For years I had to put up with the lousy quality of Ford cars. It wasn't so bad when they were less expensive. But at these prices? So I agree with you. But my first choices would be Toyotas and Hondas.
Comrade! It's bourgeois capitalists like Romney who have made life a living hell for millions of workers in the USA. Us Communists, socialists, and liberals could just spit! Romney was a candidate who spent less in taxes than those working by the sweat of their brows. He even wanted to throw Big Bird into the oven.
Comrades! Us communists, socialists, and liberals look forward to the day when the hateful Republican Party is but a distant, distant memory. The working peoples of the USA have a hard time not throwing up at the mention of Hoover, Ronald Reagan, and Bush. Workers, always remember that the wealthy top 1% have enriched themselves over the past decades at your expense. You've seen no increase in wages, a massive rise in unemployment, the widespread destruction of unions, and massive immigration to contend with.
Paid bashers? Comrade, you are being paranoid. But it is true that the USA has been taken over by a capitalist elite in the top 1%. They have made life a misery, a living hell, for the working peoples in the USA. You have 60 million on Medicaid, 50 million with no health insurance, 47 million on food stamps, 25 million unemployed, and a $16 trillion national debt in the USA capitalist paradise. Do not be surprised that if in spite of all your education, you will never find a decent job.
Comrade! Don't fight. Join with the communists in freeing the working peoples in the USA from the shackles of bourgeoisie capitalism. Progress like the peoples in Russia, China, India, Cuba, Venezuela, Vietnam, North Korea, and other countries that love its peoples. Wave the
RED hammer and sickle proudly. Renounce the policies of your oppressive farmers and bourgeoisie capitalists who grind you into the dirt. Remember you are not free if you have to kowtow to your bosses all day long and into the night. Think comrade! Think about who it is who oppresses you. Think of the 60 million on Medicaid, 50 million with no health insurance, 47 million on food stamps, the fantastic 25 million unemployed, and the enormous $16 trillion national debt. Think of this while you are struggling to keep warm this winter as the rich live in their mansions and dine on caviar and pigeon tongues.
Fantastic comrade! Come to Russia where the rent is free! You USA peoples were always slow to catch on as to how you are being exploited by the bourgeoisie and the plutocrats.
Comrade! But Communism is your only hope. You don't want to spend the rest of your life in the USA exploited by the capitalists in industry, do you? Here's some facts. Your businessmen capitalists are responsible for 60 million on Medicaid, 50 million with no health insurance, 47 million on food stamps, 25 million unemployed ( a fantastic number), and a $16 trillion national debt that the capitalists want YOU to pay with higher prices. In Russia and China, we are moving forwards, but YOU? Hah! The USA doesn't even have a space shuttle anymore.
Comrade! Fighting Commies? But they are your friends in a country like the USA run by the capitalist farmers, bourgeoisie, and plutocrats whose only goal is to exploit you. Here's a suggestion. Get yourself a government job. It's the closest you can get to communism in the USA. And read pravda on the internet.
Nothing is impossible. or so they say. But anyone buying into this company needs to get their heads examined. About the only thing Office Depot has to offer is ink -- RED ink!!!