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Staples, Inc. Message Board

hiremis 38 posts  |  Last Activity: Aug 22, 2014 1:06 PM Member since: Jan 22, 2014
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  • Reply to

    Warren Buffet, "BUY WHEN OTHERS ARE FEARFUL"

    by sam.deanj Aug 22, 2014 1:01 AM
    hiremis hiremis Aug 22, 2014 1:06 PM Flag

    And yet he owns no RSH.

    Wise man indeed.

  • Reply to

    buy now!

    by imrightnotwrong Aug 19, 2014 12:58 PM
    hiremis hiremis Aug 19, 2014 4:37 PM Flag

    Also they will be delisted WAY before they hit $1 if they somehow survive. But I don't think we will have to worry, there is almost no chance they will make it.

  • Reply to

    sell order in at $3

    by izmatic01 Aug 18, 2014 12:03 PM
    hiremis hiremis Aug 18, 2014 9:10 PM Flag

    There will be no reverse split, there is no reason. Even if they bring the share price up they will fail to make the market cap minimum and will be delisted anyway.

    Sentiment: Strong Sell

  • Reply to

    To all those who are buying or long

    by hiremis Aug 18, 2014 2:10 PM
    hiremis hiremis Aug 18, 2014 8:55 PM Flag

    So you have been on the board for a few hours and have post 7 troll posts. Welcome to the ignore button.

    Sentiment: Strong Sell

  • Reply to

    To all those who are buying or long

    by hiremis Aug 18, 2014 2:10 PM
    hiremis hiremis Aug 18, 2014 5:04 PM Flag

    Not shorting. I am a firm believer that shorting is one of the dumbest things you can do. A limit to upside (in this case 60 cents minus the cost to short) and unlimited upside. Never shorted never will.

    Sentiment: Strong Sell

  • Reply to

    To all those who are buying or long

    by hiremis Aug 18, 2014 2:10 PM
    hiremis hiremis Aug 18, 2014 5:02 PM Flag

    Screem, It is call due diligence. In general I am a contrition investor and love beaten up stocks like RSH. So yes before I dump a sizable amount of money into a company I like to make sure it will be around in a few months. I use both friends and paid services for my research.

    I am sure you might be surprised to know that some people like to get information on companies they invest in. Especially when they invest significant amounts of money into their investments. My investments are not my free time, they are a source of significant income for me, and yes this is what I do with my time. In fact I just paid a VERY sizable amount of money to a company that finds and connects potential investors with former key employees of companies or people with very industry specific knowledge. On the call there is generally a compliance officer to make sure there is no information that shouldn't be passed or inappropriate questions asked by anybody in my party. As an aside one of the people I spoke with was the previous PA of the CEO of this particular company. She gave me much better guidance than the former SVP and a current VP gave me. We ended up not buying into the company (unless they agreed to a number of stipulations that we knew they would not agree to) mostly because of the answers of the former PA and the answers from one of the owners of a major supplier of theirs.

    Maybe you should leave the investing to the grown ups and stick with a good mutual fund.

    Sentiment: Strong Sell

  • Reply to

    what in the hell happened???

    by joelsilver29 Aug 18, 2014 4:20 PM
    hiremis hiremis Aug 18, 2014 4:47 PM Flag

    The normal ups and downs of companies that are about to go under. Won't stay here long.

    Sentiment: Strong Sell

  • Please go into a local radioshack, not one of the dozen or so new stores and ask about their inventory level. I have been in a half dozen and they are all saying the same thing, our inventory is being reduced. They are not getting new trucks of stuff.

    If you hear something different please let me know, but I can tell you for a fact that in the North East (have friend in a alot of states who have done the same thing as a favor to me) and they all say the same thing. There are some exceptions (Tennessee being one of them for some reason) that are getting alot of the old merch from other stores.

    Sentiment: Strong Sell

  • hiremis hiremis Aug 18, 2014 2:04 PM Flag

    It is only a no brainer if you have no brain. This is a VERY complex case and the laws are at best hazy and at worst directly contradictory. These actions have no direct precedent in American law and they fact that you have citizens or a company suing the government over a private / government entity or GSE to be specific means there is a ALOT of grey area.

    Right or wrong, laws work on facts not on grey area. And the burden of proof is on the prosecution to show that 1) There are laws that are applicable to the government and or GSEs 2) The government violated those laws grievously (or with ill intent).

    Neither of those are easy and are about as far from a NO BRAINER as possible. And to give an idea of how difficult a real "no brainer" is take a look at the zimmerman trial. That case should have never even been tried, charges should have never been levied, it was a true No Brainer and yet the jury deliberated for DAYS.

    There is nothing easy or straight forward about this case and to say otherwise is foolish. Also even in the best case scenario we are ot going to see anywhere near $80. If we get to $20 that will be good. I personally think this will be a $35 - $40 stock with a healthy dividend when I am about ready to retire in 20 years. I am very long in this stock and very confident in it's outcome. Not because it is a no brainer, but because I have a brain and studied the case (fairholms to be exact) and know Sweeny's track record. I think the arguments are compelling and I think that they will be enough for Sweeny to rule n our favor.

    Sentiment: Buy

  • Reply to

    Legal Question on Discovery info

    by r_r_r_r_r_r_r_r_r_r_rl Aug 18, 2014 12:41 PM
    hiremis hiremis Aug 18, 2014 1:46 PM Flag

    The simple answer is no they are not. There are significant conflict of interest and the possibility of insider trading if they do.

    In fact the cases are being tried by third party law firms partly on behalf of most of large hedge funds and not by their in-house attorneys partly to avoid a perceived conflict of interest (although none would exist if they used in-house attorneys but the real reason to use third party is that most of their in house legal team is already working a full time job and are not specialized in litigating complex government lawsuits).

    Sentiment: Buy

  • Reply to

    Is there any chance of a buyout?

    by sixxone Aug 16, 2014 8:47 PM
    hiremis hiremis Aug 18, 2014 10:01 AM Flag

    RS has no "unspoken for" assets. In other words they own nothing. They lease their stores, their inventory is the security for their credit line and they have 0 goodwill (on their 10K). So in other words, RS has no real intrinsic value or said another way, as a company they are worth nothing. There is nothing to buyout.

    Sentiment: Strong Sell

  • Reply to

    hail mary

    by izmatic01 Aug 13, 2014 9:09 PM
    hiremis hiremis Aug 14, 2014 12:51 PM Flag

    And I miss Woolworths. But they are gone. In business there is no deserves, nor should there be. The number either work or they don't and in RSH case they don't. There is no value in the company either physical or intrinsic. Sorry to say this as I too will miss them (my second computer was a Tandy) but their time is done. Just wish the CEO would sign the DNR so we can end the suffering already.

  • hiremis hiremis Aug 12, 2014 4:05 PM Flag

    Sam,

    Things are not looking good. On the bright side you might be able to pick up RSH at .06 as well.

  • Reply to

    I bought RSH 4K @ 3.56

    by sidelurker Aug 6, 2014 12:42 PM
    hiremis hiremis Aug 6, 2014 3:52 PM Flag

    RSH has nothing left. No cash, their inventory is owned by creditors, creditors that are looking to make them fail. You need to realized everybody and I mean EVERYBODY who trades stocks gets it wrong sometimes. This was your sometimes. Pull the plug on this little bump and get your write off on next years taxes. RSH doesn't even have intangible assets ($0 on goodwill on their last 10K).

    The stock will be delisted in 6 months even if RSH doesn't BK (which they will). They won't be able to close with an average of over a dollar at the end of a month in the next 6 months and they need to average a dollar over a months time and close over a dollar at a months end to stay listed (my bet is they never see close to a dollar again) and even if they reverse split they don't have the market cap to stay on the big boards. They need a 100mm to stay on and they are at 60mm, so a reverse split will get the price over a dollar but their market cap would still be too low. Once they go OTC they won't pass 10 cents.

    They had a good run and I will always remember them fondly, but they are like a grandpa with terminal cancer. You know they can't get better, the doctors do everything but in the end they die. You just try and remember when they were strong and fun instead of what they are today.

    Sentiment: Strong Sell

  • hiremis hiremis Aug 6, 2014 10:05 AM Flag

    How I would love for you to be right, but you can't compare the two. I speak from experience, I followed siri since around 50 -60 a share till I bough in at a little over a dollar (no longer in or a customer of theirs).

    There are thousands of reasons the comparison but the two most glaring are-
    1) Siri had assets and "book value", RSH has nothing. No cash, no property, no goodwill, from a business standpoint RSH has no intrinsic value or to say it another way the company is worthless (the reason they have not been nor will be bough out)
    2) Siri had a unique product, RSH has the same cellphone cases I can get for half to a quarter the price online.

    That being said, their fix it here plan and their partnership with quirky is great and could have impacted the business in a very positive way, if it was done 3 years ago. They are running out of cash and a turn around takes time. Even BBRY which had billions took years to fix and are now just starting on the long road back to health. RSH hasn't even slowed the freefall yet.

    Retail investors are going to get burned if they buy into this price jump. Short sellers are about to reenter and the price will drop in the next few days or weeks and will plummet before and after earnings.

    Buyer be ware

    Sentiment: Strong Sell

  • Reply to

    BUYOUT IN THE WORKS

    by jumail_2001 Aug 2, 2014 10:40 PM
    hiremis hiremis Aug 4, 2014 9:20 AM Flag

    Jumail,

    You do know your angry reaction to mcpherson's post pretty much confirmed what he said. Those with confidence in what they write or say don't feel the need to defend it as reactionary as you just did.

    Plus BBY is never going to buy RSH. No reason and BBY can't float the additional debt, thy too are holding on for dear life.

    How much have you lost on RSH to date? It sound like you are trading on emotion.

    Sentiment: Strong Sell

  • hiremis hiremis Aug 1, 2014 9:44 AM Flag

    Becoming?

    Sentiment: Buy

  • Reply to

    RSH OPENS UP 26 NEW STORES

    by fi3nchmodel Jul 30, 2014 12:38 PM
    hiremis hiremis Jul 30, 2014 5:22 PM Flag

    No they don't they have leased stores and tons of debt. No way there will be a buy out.

  • Reply to

    M&A NEWS COMING.

    by danzeytakeoffs Jul 23, 2014 7:55 AM
    hiremis hiremis Jul 23, 2014 12:33 PM Flag

    I bet there are puppy's and rainbows all day every day in your world. It must be very blissful.

    Sentiment: Strong Sell

  • Reply to

    COURT OF FEDERAL CLAIMS FAIRHOLME FUNDS,

    by conformed23 Jul 11, 2014 5:25 PM
    hiremis hiremis Jul 12, 2014 2:06 PM Flag

    You have never worked with or argued in front of a judge before have you? Sweeny is a very good judge with a very good track record. Showing bias toward one side (either negative or positive bias) means easy appeal. Regardless if she likes the attorneys she has to rule fairly. You have no idea what you are talking about. The government attorneys are very good and they have really made alot with the little they have been given. Education is a wonderful thing, you may want to try it at some point.

    Sentiment: Strong Buy

SPLS
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