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The ODP Corporation (ODP)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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41.84-1.28 (-2.97%)
At close: 4:00PM EDT
43.29 +1.45 (3.47%)
After hours: 07:52PM EDT
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  • G
    George N
    Office Depot and Alibaba.com Form Strategic Collaboration to Serve U.S. Businesses. This is very interesting....Maybe BABA want to get INTO The USA MArket with more power!
    https://www.businesswire.com/news/home/20190304005466/en/Office-Depot-Alibaba.com-Form-Strategic-Collaboration-Serve
  • D
    Dude!
    In 2015, Staples was willing to buy ODP for $6B+. The government blocked it. Since then, in a mostly good economy and a great environment for stocks, ODP's management has managed to drive the value of the company down to $2.1B and far below that prior to this offer. I'm sure the short term investors will be pleased with the resulting pop in the stock's price from this offer but the longs have mostly been crushed on this stock. Too bad for them and the employees that will lose out in this deal. Meanwhile, management will likely walk away with a large bonus for their "efforts". What a shame.
  • L
    Lam
    Office Depot has a Zacks Rank of #1 (Strong Buy) ~ Zacks Equity research. Thanks yahoo finance
    Bullish
  • G
    George N
    25M$ fine is not a big deal considering that Office Depot has 660M$ Cash, positive earnings and 11B$ Revenues. Anyway this news is about an Investigation between 2009 and November 2016...that means that it's another old news...well...FTC decided now about the fine to apply but it's not a fine for something that happened now...
    https://www.consumer.ftc.gov/blog/2019/03/office-depot-computer-scans-gave-fake-results
    Many of us would gladly take advantage of a free computer tune-up from a big-name retailer.
    Many of us would gladly take advantage of a free computer tune-up from a big-name retailer.
    www.consumer.ftc.gov
  • D
    Dude!
    The few posting on this board seem to be in complete denial. There is not that much shorting on this stock based on the data available to us. Anyone that is shorting it is not out to make 40k people lose their jobs, they're out to make some $ on their investments like you are doing when you buy long. The company has been authorized for a stock buyback for quite some time and while they don't always publicize when the execute the buyback, it is likely that they have fired that barrel multiple times already.

    The truth sure seems to be that this company is in multiple businesses where time has passed them by and the leadership has been unable to pivot to a new direction to overcome this. Retail brick and mortar stores are a losing proposition demonstrated by their repeated store comps for the last how many years. Amazon is crushing that part of their business model.

    The print business is another dying breed. The world has been moving away from printing stuff because it is inefficient and environmentally poor among other reasons. Another business that is going down. Their attempt to provide office space might have had some promise but that business is already grabbed by competitors that have that as their core competency, something Depot doesn't have.

    Compucom is another disaster as was expected by those paying attention. This move alone has now blown away their major cash reserves and brought on a load of debt to the company that will hasten their downfall.

    Their alleged bright spot is their BTB business but again, that is likely going to trend poorly fairly quickly as Amazon continues to ramp that up. Even Staples, under new ownership, will likely take market share from these guys.

    Remember, their dismal performance has occurred during the longest economic expansion in most of our lifetimes. When an inevitable recession comes, that's what will do away with those 40k jobs and this company will likely go away.

    Yes, they are paying their dividend this time but when you look at their debt and their negative cash flow numbers for the past year- that will end up getting cut at most in two more quarters unless they somehow turn their cash flow around. That seems quite unlikely.

    Stay invested in this stock and you might get lucky but why would you when there are so many other stocks for strong companies that are depressed with the recent market pullback. You'll likely see them under $1 before you see $2 and $4 for this stock is a pipe dream.
  • A
    Adam
    ODP will be back on track quickly. The Pre Announcement was only a slight downward revision of ONE division. Rather than damage management credibility, it shows they are on top of things and are willing to hand the market fairly immediate updates visibility Still they indicated $65M adj earnings. When they report, they will maintain year guidance, report strong cash flow and NOW they have the opportunity to employ the pre-announced buyback to boost EPS. This is will be a $4 stock within a few months and this mini crash will be viewed as a GREAT BARGAIN
  • K
    Kenpolean
    10/10/19 (WED) - Nice increase today. Don't see any news to explain why though, so I'll believe this to be an opportunity I should take advantage of. Just shorted 5000 shares at $1.80 each.
  • T
    Thoughtfully
    Per yahoo details, Insiders purchased 2.5 million shares and sold 0 shares in the last 6 months. The CEO owns the most of all insiders with 3.2 million, the CFO owns over 1 million. I think bith would prefer their shares to be worth $10 a share rather than $0.
  • G
    Green
    CFO just bought 20,000 shares. Looking good.
  • v
    vio
    Are there any serious investors on this site or is it just people pumping the stock? Can someone explain this to me? This year office depot has closed 165 stores. This is a fact, you can go to office depots website yourself and count the stores and you will see I'm right. Let's assume each store did $10 million in revenue a year. 165 stores times $10 million = 1.65 billion in revenue. So how is it possible office depot closes 165 stores, potentially worth $1 billion in annual revenue, yet last quarter they reported $2.5 billion in revenue, near the long term average? Someone please explain to me how you close 165 stores in a year but revenue barely changes.
  • j
    jeffrey
    If someone is on here bashing the last quarter, just know they are the ones shorting the stock, trying to get people to sell.. I think this should be obvious to investors.. this stock is imo extremely undervalued and Gerry Smith is doing a great job as ceo
    Bullish
  • M
    Michael
    In case you have read about recent buyers of ODP

    David Einhorn's Greenlight Capital took sizable new stakes in the beaten down retailer Office Depot ODP as well as the clothing retailer Abercrombie & Fitch ANF during the first quarter, according to a regulatory filing.
    The hedge fund reported holding 2.1 million shares of Office Depot and 212,500 shares of Abercrombie

    Happy trading
  • A
    Anonymous
    13 dollars per share coming soon
  • K
    Kenpolean
    03/09/20 (MON) - Sooooooo happy to see ODP finally drop under $2 per share. There is finally light at the end of the tunnel after 5 and a half months!!
  • S
    Satnam
    Amazon buy odp before alibaba or bidu takeover
  • J
    JV
    honest take.....who thinks this will go any lower than $2.40 if they miss earnings?
  • G
    George N
    Just to think about: From Office Depot 8K - "we expect to receive approximately $80 million when the Timber Notes Receivable and the Non-Recourse debt will be net settled in the next twelve months (1st quarter 2020). In addition, as previously noted in the Income Taxes section discussion, we expect to receive a refund of unutilized AMT credits of $45 million in the first quarter of 2020. - That means 120M$ Cash coming by 1st Quarter 2020.
  • A
    Adam
    BABA announcement soon. The original deal on March 4 included a 120 day trial, so an announcement of an update - continuance or expansion - is likely any day. That will boost the stock.
  • G
    George N
    I have read an Article (On Yahoo) about ODP Debt and it is totally WRONG...I don't know how are some people allowed to write ... Let's just talk about the CURRENT Liabilities (I mean ALL the money that Office Depot should pay within the next 12 months...I mean ALL...)
    OFFICE DEPOT Total Current Liabilities (Due within 12 months) (3,181B$) Total Current Assets (Money they are going to have within 12 months) :3,389B$ so...NO problems at all! Asset/Liabilities Ratio: 1.22
    AMAZON Current Liabilities: 69,678 - Amazon Current Assets: 76,790 - Assets(Liabilities Ratio:1.10
    So...Office Depot Ratio is better than Amazon Ratio!
    WALMART: Current Liabilities: 80,283B$ - Current Assets: 61,371B$ - Assets/Liabilities Ratio 0.76 (VERY BAD cause below 1!!!) In Theory Walmart is not able to pay the dent within the next 12 months...
  • A
    Adam
    Getting more and more excited about ODP. Great balance sheet, improved cash flow,
    handled the Covid very well. They ar a partner for home and remote offices. I cam see an AMZN takeover without too much antitrust concern given Staples. And it fits AMZN much more than AMC or JCP??? Amazon realizes they need a larger retail presence too battle WMT which is coming for their jugular. Right, DC?