You probably tried to hack it yourself and screwed it up. There is no mystery to getting your money back. If you don't get it back in a timely manner from the company, do as you say and dispute the charge.
But if you are tempted to short O.D. because of this experience, my own personal opinion is that you will be losing a lot of money.
"most powerful, most wealthy, most innovative company"
Dude, Don't be visiting Colorado anymore and lay off the wacky tobacco.
It's easy to tell people to be patient, but some of us have been patient for the last several years and it is starting to wear thin. When we see management STILL getting stock options for 85 cents or less (and they have done NOTHING to deserve them), and then immediately selling them off for hundreds of thousands of dollars, it is aggravating. Right now it looks like nothing has changed: Management (old AND new) is getting richer, and the stock price is going nowhere. And no, you can't start talking about how it has gone up in the past year or so, because it is up and down like a frigging yo-yo. It is stagnant at best.
You know dog, I agree with everyone that the company looks to have a decent future. What I don't agree with is the way they are already awarding millions in stock options and NOTHING has been accomplished yet. It is sounding more and more like the old O.D. Management keeps getting richer while the shareholders get screwed. Absolutely NOTHING should be awarded to anyone in management until this company starts making a frigging profit. When they actually start making money instead of losing it constantly (O.D. is great at that), and the stock price starts going up (instead of yo-yo as it always seems to do) I will jump on the bandwagon too and start shouting out how great the company is as well. Until then, they need to quit paying people outlandish sums of money for just being there.
Yep. You would have mad a few bucks. From the way it looks now, it is going to go lower. It is starting to look like the same old-same old again. You can't ever tell with this company. If it ever hits my sell target, I am out and not looking back.
I don't understand why some of you think this. I like the company. I have ALWAYS liked the company. True, I hate the way they dole out money and options worth millions to management who has not proven anything, but I am hopeful that it will survive and thrive in the future. You may make a lot of money in the short run shorting O.D., but I would not bet against it in the long run.
I could sell at a profit now, but I am one of the hopeful folks who think this company has a future. It would be nice if Yahoo would update the numbers to reflect the merger.
I will go out on a limb here and say "Loss". I will be surprised if they actually make any money. Sometimes I think these guys sit in their board room looking for any profit so they can give it to themselves before it has to be announced.
Unless they come in and say they made a buck a share, the price won't go anywhere. It may bounce around a bit, but that's about all. I am not a fan of management until they show me they can make money. Making money is something O.D. has not been able to do in a long time. We will be bombarded with reasons for this or that (losses) for years to come. Lord, just let it hit my target so I van get the hlle out of this thing. :)
On another note: If projected income isn't just some pipe dream, and if Staples hangs in there, I feel that O.D. will eventually level out at half of Staple's price - whatever that may be.
The only thing the volume suggests is that there are plenty of people out there making money day-trading this thing.
That will be a welcome change. I suppose I am jaded by all the past losing reports. I will take a "wait and see" attitude, but will not be surprised at all if they either lose money or are dmna close to that. The only reason that I have hung in this thing so long is that I believe there IS a place for these stores. Not everyone is going to walk around a 200 acre store to buy a pencil or other products. If it weren't for the lousy money grabbing management of the past, O.D. would not be basement priced right now. And now I see where new management as well as old management is already becoming rich and they have proven nothing. One of the biggest reasons this company can't make a profit is that it is all going into the pockets of management.
If there is any profit at all, it will be coming from the former OfficeMax stores. The company was supposed to have a few hundred million left from the sale of the Mexico unit. That has probably already gone into the old as well as the new management's bank accounts. In my opinion, this company is now and has been run by nothing but crooks out to line their own pocket and be dmna.ed with the stock holders.
I think OfficeMax made a mistake with this merger. I will be surprised if they make 3 cents. I will be really surprised if they don't find a way to say they lost money like they always do. There needs to be a class action suit against these guys for robbing the company blind.