Did you actually buy a chair mat??
What is the big deal here. Call the manufacturer and you are done. What is your problem?
I have no love for OMax but they do not make the chair mats.
I sold chair mats years ago and the manufacturers do live up to their guarantees. Call them and I am sure you will get results.
Felly - As I said in the past you must be Borris.
Declining sales mean nothing to you. 12% decline for heavens sake.
Your PR is not going to keep Acco in business. Results matter.
You fired your good managers and the results are in.
We need Wally back!! He could turn things around.
Boris Elisman, president and chief executive officer, ACCO Brands should be FIRED!!
First Quarter Results - Net sales decreased 12%
Double digit decline in sales and Boris stays employed - UNBELIEVEABLE!!
Yes, consolidating retail is a goal of the deal.
The online customers that you talk about where SPLS/ODP compete against Amazon is not a significant percentage of the total business.
The enterprise or B to B portion is THE significant percentage and here Amazon is not a factor.
There will be significant margin improvement. The question is whether you believe Starboard that there will be enough savings in a combined entity to drive the price of SPLS to around $35.
IMO $35 is a bit on the high side but $25 or even $30 is doable.
But before any of this might happen the deal must be approved by the Feds and that piece is certainly not a certainty . That is the reason that ODP is trading at a significant discount to the offering SPLS price.
I am not familiar with the Bond issue but you can surely assume that the CEO is aware of your comment concerning junk rating.
Over half of the combined annual revenue of Staples/Depot will be at the B to B segment of the business not the physical retail stores that you mentioned.
What do you mean " This whole thing is going down just to enrich a few shareholders."??
All shareholders will be enriched. If you are holding the stock for the dividend and worry that it will end sell the stock.
What is your problem?
This is the stock market so investors are free to make their own decisions. Starboard will not sell into any rally. They will sell when they feel the price is right. They have alot of money invested. They took the risk so they are poised to either make a profit if if they are right or take a loss if they are wrong.
The small investor you seem to be worried about should stay away.
No question that Starboard is in for the short term - that is what they do.
But why is the investor holding the bag? The investor can get our when Starboard gets out with a big profit if it goes to $35.
If you believe Starboard SPLS should be worth about $35 per share after the purchase of ODP.If starboard is correct then Ron did not overpay.
I agree that the deal will be approved but I do not believe it should be allowed. Office supplies is still a big category for large enterprise customers and with this merger corporate America will have only one place to go to buy basic office supplies. There will be no one left to compete with Staples. The next largest player is WB Mason and they are a regional player. Amazon is not set up for enterprise customers. There will be no competition and should not be allowed.
You need to include the MWV purchase. Sales in 2011 were $761.
So in 2011 Acco sales were 1.38 B
Sales in 2014 without MWV would be about .7 B
Great job by Acco. Give Borus a big raise.
Dave – I mean Elisman you do make things up as you go along.
Your post Feb. 17 “Sales have not been declining for years.”
Your post Feb 22 – “No one denies the declining numbers.”
So which one is it?
By the way I have no position but if I did it would be short.
Dave - you must be Elisman because you make things up as you go along.
below are the latest results. Results are horrible and Sales are declining
and Elisman is "Pleased with the resuts" .
Fourth Quarter Results
Net sales decreased 9%
ACCO Brands North America - Sales decreased 6%
ACCO Brands International - Sales decreased 9%
Computer Products - Sales decreased 22%
Expectations for 2015
"The company expects 2015 sales to decline in the mid-single digits,"
Please put this company out of its misery, put Boris Elisman out of his misery, put the shareholders out of their misery.
Fire - Boris Elisman
Dave you are Boris Elisman