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Staples, Inc. Message Board

skepticpencil 7 posts  |  Last Activity: 11 hours ago Member since: Nov 7, 2000
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  • Reply to

    Do feel sorry for longs.

    by happyperson_1 Jul 30, 2014 3:53 PM
    skepticpencil skepticpencil Aug 1, 2014 4:01 PM Flag

    You are absolutely right about this being the result of it being a thinly traded company. I had sold at $54 but got back in at $48. It looked like a good move until the other day. Heck, they even beat the revenue numbers. I can't make sense of any of it, but won't be selling. DORM has been a great performer for me over the past few years. I won't lie, it friggin' hurts right now.

  • Reply to

    Do feel sorry for longs.

    by happyperson_1 Jul 30, 2014 3:53 PM
    skepticpencil skepticpencil Aug 1, 2014 4:29 PM Flag

    I was hoping that when the stock hit $50-60 that they'd split it. That might have put them in a position to be less thinly traded. Perhaps it would have made little difference. The sell-off does seem quite overdone when one considers the fact that net earnings probably could have been "massaged" up to make the $.01, and most companies out there are making the earnings numbers, but missing the revenue growth numbers, which DORM surpassed. Mr. Market is mystifying at times.

  • I jumped too soon, buying at $48 after having sold at $54, and am now getting massacred by those with the power to drive companies down by short-selling. Heck, it might even by someone working for someone who'd like to acquire the company. I don't believe that it's insiders that are selling any more than they normally do as part of a balanced financial plan. Admittedly, Barton Mathias is an exception. I'm screwed in the near term. That is for sure.

    Sentiment: Buy

  • skepticpencil skepticpencil Aug 4, 2014 12:27 PM Flag

    BTW: Based on their reporting, I'd say that DORM's executives were blindsided by this drubbing over $.01 in earnings. Otherwise, I'd think that they would have waited a bit, as I should have, no? There is also the possibility that they could be considering an attempt to take the company private. This is what The North Face did about 12 years ago, after suffering similar market machinations. Who could blame them with this sort of short shenanigans?

  • Reply to

    Have to love it!

    by happyperson_1 Aug 5, 2014 9:47 AM
    skepticpencil skepticpencil Aug 5, 2014 12:01 PM Flag

    You're forgetting about the company buying back $millions in shares. It'll be hard to tell which are those buys and which are short-covering. That said, I think we've found our floor above $40. As always, time will tell. Hang on, longs.

  • Reply to

    To all Shorts

    by dividendguy Aug 12, 2014 2:19 PM
    skepticpencil skepticpencil Aug 14, 2014 8:21 PM Flag

    DORM has some of the most solid financial numbers of any publicly traded company that I've looked at. The P/E might have been a bit high when it was at $60, but it's worth a lot more than it's trading for now, IMHO. The thin float of the company can make it a bit nerve-wracking at times...like last week. I feel pretty good about the company and its prospects, going forward, so I would not have a weak hand here.

    It is interesting to note that the short interest listed on NASDAQ went from 23 days to cover, to 9 days to cover between mid-July and the end of July. Somebody was confident that the stock would be punished for missing that $.01?! I find it hard to believe that whoever this entity was didn't help it down by massive shorting after the report. I think that we'll be OK from this point on, providing the general market holds up. Good luck, longs.

  • Reply to

    To all Shorts

    by dividendguy Aug 12, 2014 2:19 PM
    skepticpencil skepticpencil 11 hours ago Flag

    I don't think that the shorts haven't given up yet. However, I still think that we're safe over $40 or so, unless the whole market tanks. ORLY's probably a safer play, as it will be harder for smaller shorts to take down. However, DORM has been good to me over the past few years, so my hands will be stronger than normal here. Longs had a decent week here. I hope it continues. As always, time will tell. Cheers.

SPLS
10.945-0.025(-0.23%)Aug 22 3:59 PMEDT

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