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Office Depot

Breaking News about Office Depot:

Office Depot Shares Soaring Nearly 20% As Retailer Vows To Close 400 Stores

Source: Business Balla | May 6 2014, 10:48am CDT | by Forbes

When office supply retailer Staples announced in March that it will shutter 225 stores over the next year, investors...
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A Staples-Office Depot merger? Why?

Sep 3 2014 12:27pm CDT | Source: Fortune

Shares of Staples and Office Depot soared after an analyst said the two should merge. But a combined company woul ...
Full article at: Fortune


Staples, Office Depot merger talk moves stock

Sep 2 2014 9:02pm CDT | Source: USATODAY

Staples gained 8.1% Tuesday to $12.65 a share, while Office Depot climbed 6.3% $5.44.         ...
Full article at: USATODAY


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Staples: Is A Meltdown Coming?

Aug 22 2014 8:31am CDT | Source: SeekingAlpha

By Sophocles Sophocleous:As a value investor who is not new to controversial stories (eg. HGG, GME, HPQ, DELL, XRX, BBY, etc) I have established a position not once but twice in Staples. In 2012-13, I did well buying low and selling into the Office Depot / Office Max Merger (NYSE:ODP) push up. This time around I don't think I'll be as lucky, and through this article I highlight how Staples (NAS ...
Full article at: SeekingAlpha


Office Depot, Pratt & Whitney approved for millions in job incentives

Aug 20 2014 6:35am CDT | Source: South Florida Business Journal

Office Depot will get $5 million in state and local tax revenues to add high-paying jobs to its Boca Raton headquarters, and Pratt & Whitney will receive $2.3 million in subsidies to expand its jet-engine operations west of Jupiter. The Palm Beach County Commission on Tuesday approved its share of tax breaks for the two companies. Office Depot stands to get $3 million in cash from the state, plus $1.5 million from the city of Boca Raton and $500,000 from Palm Bea ...
Full article at: South Florida Business Journal


What To Expect When Staples Reports Earnings

Aug 18 2014 11:02pm CDT | Source: SeekingAlpha

By Bargain Bin:Staples (NASDAQ:SPLS), the leading office supply retailer, hasn't been having a great year. The stock is down significantly since the beginning of the year, and disappointing earnings for both the fourth quarter of 2013 and the first quarter of 2014 led to steep declines.SPLS data by YChartsThe company is struggling with declining comparable store sales, and Staples along with rival Office Depot (NYSE:ODP) are planning to close hundreds of stores over ...
Full article at: SeekingAlpha


Staples: A Value Trap?

Aug 15 2014 3:10am CDT | Source: SeekingAlpha

By Anthony Ruben:Six months ago, while screening for attractive high yielding, highly rated stocks, I came across Staples (NASDAQ:SPLS). Recently, SPLS has jumped over 5%, so I wanted to see if anything had changed. Upon further analysis, I believe SPLS is a value-trap. The Company has a modest 11.8 forward PE and a high, 4.3%, dividend. These positives may shield, at first glance, investors from noting the ne ...
Full article at: SeekingAlpha


Staples Looks Cheap, But It Is Not Yet Time To Buy

Aug 14 2014 12:44pm CDT | Source: SeekingAlpha

By George Hanley:An investment in office supply giant Staples (NASDAQ: SPLS) has not been a winning move over the past year with the company's share price down more than 30%. Staples continues to be negatively impacted by lower customer traffic volumes, a negative multi-year trend that has also hurt the financial results of competitor Office Depot (NYSE: ODP). Case in point was Staples' performance ...
Full article at: SeekingAlpha


Office Depot sales rise, hundreds of stores still closing

Aug 5 2014 12:07pm CDT | Source: South Florida Business Journal

Office Depot officials are optimistic as the company's sales rise, though its losses were greater in the second quarter. Results revealed that the office supply company posted a net loss of $190 million, or a loss of 36 cents a share. In the second quarter of 2013, the company posted a net loss of $64 million. However, sales grew 59 percent in the year-over-year comparison, from $2.42 million to $3.84 million. Adjusted net income shows a different picture, with a $6 million incr ...
Full article at: South Florida Business Journal




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