Wow - North of $8.50.
If ODP keeps rising then Staples will not be able to make a deal because it will be too expensive to buy.
I agree with you.
The problem for Ron is that Starboard does want them to buy ODP and I think it will happen.
Now that is a reasonable post.
First of all I did sell this week at $7.94. I bought in a few months ago at $5.76.
I don't understand why you dismiss or ignore the fact that Starboard took a position. Obviouslyonce they moved the market. In addition I do think that Staples will buy Depot. If depot revisits the $6.00 area I will buy in again.
You are an angry person.
I did read your post moron. It said that "Absolutely nothing has happened over the past 3 months to move Depot from $4.40 to the current level." Well - Starboad happened and you are a moron.
Do you read the newspapers?
Activist hedge fund Starboard Value LP revealed that it increased its stake in ODP to 9.9%. That and the speculation surrounding a possible deal between Staples and Depot is driving prices higher.
If you don't understand this you should not be investing in the market.
Or perhaps you are a current or former disgruntled employee.
Ron does not have the stomach to buy ODP. Buying CEXP was a difficult experience for Staples. the integration was a nightmare and keep in mind that CEXP did not have a retail component. Combining the retain and contract platforms would be a nightmare.
In my opinion Ron will not buy ODP.
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.