Very well run company, pays a good dividend.
Why would this stock go down? No reason.
Do yourself a favor and buy some shares!
Avery will need to accept a lower price than 3M offered. Esselte was rumored to be a willing buyer so they might come back int a negotiation. In any case this is very bad news for the Avery OP group.
Staples was a GREAT company about 7 years ago. IMO today you have invested in a company with a pretty secure 3% yield and that is it. The company is out of ideas.
In 2010 SPLS traded at $24 or higher. The team of Sargent / Miles have brought you an $11 stock. This is a disgrace. They should have been fired but I am sure they will be on the next quarterly conference call with more no new ideas.
Key management people are leaving is another bad sign.
There are much better places to invest than SPLS IMHO.
What chance of a lifetime? The stock is trading at a fair price based om current performance and future guidance. Actually should be lower IMO.
If you listened to the conference call today you can tell that they have no clue about what to do.
Staples needs a big shakeup starting at the top. Until then nothing will change.