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Staples, Inc. Message Board

skepticpencil 3 posts  |  Last Activity: Dec 3, 2014 6:59 PM Member since: Nov 7, 2000
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  • skepticpencil skepticpencil Dec 3, 2014 6:59 PM Flag

    Correction: First line should read: " ...just days before reverse stock split's anniversary." Doh!
    It's probably more coincidental than it is "interesting" anyway.

    Sentiment: Buy

  • Interesting that this stock is hitting multi-year highs just days prior to the reverse stock split. Momentum traders seem to be on it now, as it hit a 52-week high. On top of that, there was a recent filing showing that Gabelli Partners now has a 3 1/2% stake in MAG. Gabelli's is one of the best, and people in the know, know that. A bit more volatility going forward. Good luck longs. At least my 3 shares, LOL, have tripled in a couple of years.
    For those who don't know, Magnatek was a division of Litton Industries until it split off about 10 years ago. I'm not sure how they do now, but I believe that Litton used to be a titan in aerospace, shipbuilding, and other sectors related to the defense industry.

    Sentiment: Buy

  • Reply to

    Had this at $21 sold it at $18

    by fastball.98mph Nov 22, 2014 11:19 AM
    skepticpencil skepticpencil Nov 28, 2014 12:11 PM Flag

    Don't feel all alone in the world, I sold most of my MAG a couple of years ago. Liked the company but got PO'd that they divested out of the solar business that they had. That was one main reason that I bought them in the first place. I was shocked this morning when I looked in a basically dormant account that I have 3 shares in, and saw that it was over $40. I thought my eyes were playing tricks on me, or they did another 1/10 split or something. Oh well...it's not the first time I've made an investment mistake. Good luck, longs.

SPLS
17.98+0.16(+0.90%)Dec 26 4:00 PMEST

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