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Office Depot, Inc. Message Board

justa_country_boy 16 posts  |  Last Activity: Jan 21, 2015 1:32 PM Member since: Jan 14, 2000
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  • 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.

  • 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 17, 2014 12:13 PM Flag

    As for you buying in again if it reaches $6: I had a buy set when it dropped to around $6.25 fro $7, and missed it by a few cents. Just because I do not think the company is worth what people are paying doesn't mean that I won't take advantage of their trades.

  • 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 17, 2014 12:09 PM Flag

    I will stand my my position that they are worth no more now than they were then. If you had an old convertible that listed for $10,000, you would think that would be all it is worth, right? But, if one day George Clooney dropped by and took it for a spin and used it for s few minutes in a movie, the perceived value of the car would go up - when in reality it is worth no more than before he got behind the wheel.

    The stock market is too high, and it will fall. It is getting close to time for another crash. There are not too many stocks out there that are worth what they cost right now.

  • 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 17, 2014 11:45 AM Flag

    "nothing except for words and rumors" Like I said: Read the post. If you CAN'T understand what I am talking about, then get out while you still have a shirt on your back because it seems that you are one of those people who invests based on emotions - A sure way to lose said shirt. I have already made my money off of O.D. - three times to be exact. You have a good day now..

  • Reply to

    Merger or mergered?

    by musecme Dec 16, 2014 5:06 PM
    justa_country_boy justa_country_boy Dec 17, 2014 12:51 AM Flag

    The two companies came together to form a better competitor to Staples. When that happened, Office Max holders lost their dividend because O.D. does NOT pay a dividend. The same thing will happen if they get together with Staples. Staples shareholders can kiss their dividend goodbye.

  • 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 17, 2014 12:48 AM Flag

    Robert, there is no guarantee that the merger/buyout will be allowed. I got out a while back and said then that it was going to go up. I just needed my money for something else at the time. I wish you luck if you choose to hang around. If you want a good dividend stock, look to the food companies. People will always need to eat and if you look at their prices historically, they have been pretty stable. AT&T is paying almost 5.5percent right now as well. Happy Holidays and Merry Christmas to you as well.

  • 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 17, 2014 12:46 AM Flag

    staplers 101 - You are an idiot. Read my post fool. I am talking about the worth of the company - not whispers and such. Just because the price is going up does not make it worth more. Do you really think Netflix is worth what it cost? If you do, than you are indeed a fool. The stock market is nothing more than a Pyramid Scheme and MOST investors know it. But O.D. doesn't even pay a dividend. If Staples merges with this company, it will be a mistake.

  • justa_country_boy by justa_country_boy Dec 16, 2014 2:00 PM Flag

    Three months ago, Staples was at around $11.50 and Office Depot was around $4.40. Absolutely nothing has happened since then that would justify the rise in price that we are now seeing in both companies. nothing except for words and rumors.

    They are still the same companies folks. They are worth no more now than a few months ago. This instance is like so many others in the market when all it takes is for someone to whisper something and BOOM - there it goes. Its ridiculous.

  • Reply to

    Careful about buying here

    by brettonjames Nov 11, 2014 10:14 AM
    justa_country_boy justa_country_boy Nov 12, 2014 12:51 AM Flag

    Is there something wrong with you? The frigging company is still in the process of reinventing itself after the merger with OfficeMax. There is a ton of work still to do. If you own a couple of shares and are only holding them in hope of a quick deal with Staples or someone else, you need to take a Valium and sit back because I doubt that it is coming anytime soon.

  • Reply to

    Stores are empty

    by ex_gs_guy Oct 28, 2014 2:26 PM
    justa_country_boy justa_country_boy Nov 4, 2014 7:58 PM Flag

    No, I look at all the red ink at the bottom of their income statement quarter after quarter and the fact that they never pay a dividend. They have gotten by for years with creative accounting and still bleed money every quarter. all people hear is synergies this or that. Show me a frigging number in BLACK at the bottom of their reports and I will agree that this company has a future. Until then, Staples shareholders need to hope and pray they don't get saddled with this place.

  • Reply to

    Will continue to go up..

    by heydog37 Nov 4, 2014 6:27 PM
    justa_country_boy justa_country_boy Nov 4, 2014 7:06 PM Flag

    I think that it will eventually get bought out by Staples. I think that will be a bad move for Staples investors though. All holders of O.D. can hope for is stock appreciation because this company does NOT pay dividends. There was some interesting words in the meeting about compensation. It is as it has always been - Pay management out the wazoo, let the holders hope for the best.

    I wish you luck. I told you guys when I sold that it would probably take off. :)

  • Reply to

    Stores are empty

    by ex_gs_guy Oct 28, 2014 2:26 PM
    justa_country_boy justa_country_boy Nov 4, 2014 6:57 PM Flag

    I don't know what store HE goes to, but the one in Hickory, NC looks like a ghost town every time I stop by. There may be a mad rush of customers at times when I am NOT there, but I often wonder how they make enough money to keep the doors open.
    (No longer a holder of stock)

  • Reply to

    Puzzler for all shorts

    by jaime9_2000 Nov 4, 2014 9:24 AM
    justa_country_boy justa_country_boy Nov 4, 2014 1:14 PM Flag

    I got out a few weeks back. I made a good profit on a long position that I had held for a few years. I think that if O.D. manages to merge with Staples, then the management of Staples had better sack everyone at O.D. Because no matter how you look at it, the company is still bleeding money.

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