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.
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.
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.
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.
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.
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.