It seems so obvious that there are people at "The Street" and "Motley Fool" who want to see this company fail. They can never find anything good to say about ODP OR the sector in general. And, even though it died down a bit for a while, it is being sung loud and clear again: Amazon and Walmart are going to put the office supply companies out of business. Bull sthi.
These companies may fail one day, but it will be because of sorry management.
I, and I am sure most other businesses, do not want to have to walk into a cavernous store to find a few things that I need for my office. And, when I need something, I need it. I am not going to wait around a day or two for it to be shipped from Amazon. And NO: Walmart does not have everything that business buy from the office suppliers. I wouldn't even try to check if Amazon does because for me ordering from Amazon is not going to happen. Like I said, when I need it I need it now, not tomorrow.
Work on the prices they are charging. Convenience does not have to cost so much. Work on selection. Quit trying to be a computer store. Get rid of the dead weight at the top of the ladder before it crashes down on everything and buries the company once and for all.
ODP management is the most inept crew I have ever seen aside from Enron. They fail, they are promoted. They fail, they are given stock options. They fail, their contract is given a golden parachute.
Where in hlle are all the big investors who can vote these fools out? Do they ENJOY sitting around and watching their money dwindle away?
It would not surprise me if sooner or later, some small investor who has lost his kid's college money with these fools, is going to go Postal and clean up this mess for us. I would be the first in line to donate to his defense fund.
Dude....Really? You are either talking to yourself or you have no business handling your own money.
Do not come onto a message board for investing advice.
When the $1.50 dividend is paid, the stock will drop closer to what it should be. IF this "merger" ever takes place, the combined company MIGHT be able to hire some good people to actually put up a fight with Staples. If they (mostly ODP) doesn't get rid of the leeches they have now, the entire thing is a waste of time.
I got on here a few times, in years past, extolling Schmidt's greatness just to get a rise out of people. :)
I agree with you on this. It is as I have said so many times, this management team needs to go. They do NOT know what they are doing and apparently never have. WHY does the big investors not boot the sorry ssa ohles out on the street? I suppose you saw all the goodies that Neil will be getting if he is here at the end of the year, and next year? I think that's called fleecing the investors. Something these guys have learned to do very well over the years.
If this "merger" doesn't go through, this company is toast.
What I can't understand is how these jokers keep getting voted in. It seems that if the BIG investors gave a #$%$ about their money, these guys would have been long gone. LOSS,LOSS,LOSS, that's all we hear.
Well, no surprise today. If someone gave them a dollar, they would waste 99 cents and try to use the other penny to run the company.
I have been saying this for years now. I have missed the boat two times by now selling at $6.
I won't miss it again.
I don't care if it goes to $20 somewhere down the road, I am sick of this mess.
Getting any useful information from this company is like trying to get the CIA to help you find your lost dog.
It ain't gonna happen.
I apologize. I didn't answer your question.
I will be surprised if they manage to make a profit. But, seeing as how this Office Max thing is in the air, it would not surprise me if they didn't move some numbers around to make it the books look better than what they actually are. I would not put anything past that bunch.
I still say that under the present management, this company is doomed. That's a shame too as it is an old player in the office products field. Bad management through the years have left it floundering with a questionable future. If the merger doesn't happen, I think we are S.O.L.
I would take that. :)
I am just worried about all the mess going on with the board right now. This board, especially Austrian, needs to go. Whether things will be better when they are gone is anyone's guess.
They would be hard pressed to "lose" anything as cheap as they bought the stock. They are like any other company spending money to move into a company: They will do what is best for THEM. Hopefully the little guys can sell before the company is broken up and sold off, if it comes to that.
This will be the only way they get them. Austrian and company seem to have no intention of doing anything other than lining their own pockets.
Of course, if Starboard gets in and the merger doesn't go though, they will probably tear the company apart and sell it piecemeal.
Nobody gives a #$%$ about the little guys Ike us.
"a full regular bonus for 2013 based on actual 2013 performance"
This will be interesting seeing as how this company can not seem to make a profit.
If they keep Austrian, which is what the idiots may very well do, the combined company is doomed.
And still nothing. I am beginning to wonder if this "merger" is going to happen. Why not talk it up? Why not tell the world how great things will be with the combined company? Why not say SOMETHING?
I truly would not be surprised if the merger doesn't happen. We may have just screwed the pooch by not selling this time. It is frustrating.
The Motley Fool is bulging with fools.
The place is a frigging joke. They are pushing Staples so hard, somebody there must have a sizable stake in it. Is anyone else getting tired of their same old tired rhetoric which they spout over and over?
Wow. Looks like it has popped to 37M shares. If this thing has another short squeeze, it could jump pretty good. On the other hand, looks like even more people have lost faith in the stock.