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Buy and pray

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Buy and pray

Re: None

Monday, 05/16/2016 11:40:14 PM

Monday, May 16, 2016 11:40:14 PM

Post# of 563
A former Office Depot CEO Mr. Steve Odland has been quoted saying the two companies have no where to go from here, and they likely need to sell off assets. From the way the finances read, Office Depot really has problems. Their eggs really were in the merger basket. An irony of this merger getting blocked is prices likely would have actually fallen had it passed. Monopolies are bad because having only one seller means it can set the price; rather than the market. This is not that type of scenario. The companies needed to merge in order to compete with players like Amazon.
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