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Staples, Inc. Message Board

splskoolaid 2 posts  |  Last Activity: Aug 21, 2014 11:43 AM Member since: Sep 20, 2008
  • Reply to

    another bad quarter and the same story

    by splskoolaid Aug 21, 2014 8:57 AM
    splskoolaid splskoolaid Aug 21, 2014 11:43 AM Flag

    Kimwang56- I am not an employee but rather someone who has followed the stock for some time. I will back up my point by asking you to follow the trend line since 2007 and you will see that the stock has steadily declined. They have eroded all potential shareholder value by mismanaging this deal, particularly through their arrogance in Europe and Australia. They turned profitable companies (particularly Australia) into loss making ones by insisting the staples way is the only way.

  • I say this every quarter. It is time for a leadership change. New marketing trying to make Office supplies sexy and hip is not going to change the fact that this company is tired and poorly run. RS has continued to sing the same story about changing the model by adding new SKU's but the reality is this company killed itself years ago with the CEXP acquisition. They lost all of their momentum and have never recovered. Their management is poor and they are trying to stick with the same tired messages internally. They need to sweep the entire leadership team out over the next few years and bring in new leadership with ideas that will work. Management by intimidation is not a strategy. It is very clear to all that know the inner workings of this company that they are now in the death spiral just like ODP was a few years ago. how many more years will they continue to make earnings by cost cutting and taking charges to cover severance costs?

SPLS
13.040.00(0.00%)Sep 18 4:15 PMEDT

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