Overall I think we will see upside for ODP in the short-term. Perhaps a pullback next day or so could occur I suppose but are yall also seeing a further leg higher? I started receiving notifications from awesome.stock.s the other week and so far they have presented interesting new trade ideas.
Things seem to be getting overextended for ODP. check out awesome.stock.s, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
I think this stock will climb back up tomarrow.
$7 by the end of the year because people still have to buy office goods at the moment and cannot wait for it to be shipped via a internet offer of "one day shipping". When you need it you need it. They are also sitting on a boatload of money. Somewhere in the 600 million dollar range. At this price its attractive as a takeover or maybe the $600 million will be used to acquire another company to boost the bottom line.
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is -0.2 In other words, the correlation coefficient of the other stocks
Good day ahead
I have been following this stock for a rather long time. I believe that before the end of the year this stock will be in the $7 range because its sitting on a mountain of cash. They have to do something with that money. Whatever that "something" is will move the stock price up.
We are going much higher
What was the value of the Australian and New Zealand divestitures?
Time for management to announce that they have hired.......(example Goldman) to look for strategic alternatives. Let's sell this Company. Anyone willing to give $8 a share ?
In the short-term ODP does not seem to be like a good trade. check out awesomesto-cks, its a pretty reliable service. of course you have to do your own due diligence, but they generally point you in the right direction.
it is all about scale (& not just online)...and people will always want to touch & sit in their new office chair before buying it. Also, a lot of consumers don't want the assemblage hassle - I know I don't. So back to scale: this is speculation, of course, but it wouldn't surprise me to see someone like Best Buy acquire ODP in the not too far future.
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Look at my mind a huge winner is coming ! NTWK All the fundamentals are incredibly huge , Sales , Earnings ... Who have bought it ? A new software is coming HUGE From Pakistan Don't miss $5 target one decade $ 500 .. Or $1000 ?
Office Depot and Staples should reconsider the merger. I bet it would be approved under a Trump administration.