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I saw that news release too. Doesn't the CEO realize that he is hurting the stock price with casual comments like that. It's a little irresponsible IMO.
If the FTC lets amzn buy this, we will get a big payout from them. They blocked SPLS and ODP because they said AMZN could not do office supply and we would be too big. It may happen anyhow. Saw a PR said AMZN was hurting ODP with online orders here is the PR
https://www.thestreet.com/story/13676650/1/former-office-depot-odp-ceo-odland-to-cnbc-bricks-and-mortar-are-getting-killed-by-amazon-com.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
$ODP Things to watch Office Depot for. Could be a good one here. Just offered a
.025 dividend to shareholders and talks on Amazon buyout for their office supplies network. Something to watch.
Office Depot (ODP) Banks on Strategic Initiatives for Growth
http://finance.yahoo.com/news/office-depot-odp-banks-strategic-130001929.html
http://us.rd.yahoo.com/finance/SIG=15jjtngov/*https%3A//www.thestreet.com/story/13676650/1/former-office-depot-odp-ceo-odland-to-cnbc-bricks-and-mortar-are-getting-killed-by-amazon-com.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Oh really, i havnt looked that far into it yet. I will definitely check that out
Yeah lets see what happens here. Looks pretty good right now. I took a position at $3.56 looks like bottom was $3.11 this is just the beginning. Wish you the best of luck as always. Hope your enjoying your summer. Lets ride this one out for a bit. Riz
Tomorrow it is then......honestly surprised by today's move.
Best of luck here Briz.
I haven't , but that sure would be nice. By biggest prob. With Office Depot is the ceo. He's made his claim to fame by closing up shop wherever he goes. Look at his track record. He's only here at Office Depot because delhaize group snubbed him for a promotion.
Looks like a nice size gap in the daily chart. This could be a really nice move!!
Whats this im hearing something about Amazon wanting to add Office Depot supplies to their network?!? Have you heard anything about this
Up 3.7% on no news, no catalyst.
Nice move.........
$ODP here comes a move! This may be a good one
$ODP This one could be a good one potentially. At least good for a nice short term gain. We break $3.70 and this could move fast.
Hows your summer going Snizzle. Riz
Here is the one and only real problem with Office Depot -
"Office Depot Chairman and CEO, Roland Smith"
Search the history of what he has accomplished and you will see.
Life here I guess
What action are they supposed to make in regards to the dividend?
They set all the dates .......what more are you looking for?
No action on dividend announcement? Come on guys!
Copied from the pr.
BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 3, 2016-- Office Depot, Inc. (NASDAQ: ODP) announced that its Board of Directors declared a dividend of $0.025 per share ($0.10 per share on an annualized basis) on the common stock of the Company. The dividend is payable on September 15, 2016, to shareholders of record at the close of business on August 25, 2016.
that is $25.00 on a 1,000 shares
ODP bearish 3.345
gap down
high volume resistance
downtrending
indicators overbought with stochastics rolling over
head and shoulders bearish top
broke through neckline
completing bear flag throwback
http://www.breakoutwatch.com/newsletter/archive/2006-07-29.php#6
Hiring more employees (paying them the slave wage) will do nothing for the company, they will not be profitable
until they realize and accept that there is a company out there that that sells the same products for cheaper and delivers it to their door
going BK just look at the financials
Used to till they closed the store in pasadena,tx. down.No bussiness.
does anyone even shop at office depot? lol
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.
They will receive $250 MILLION....A lot of money for cancellation fee...also Barrons just wrote a positive Article........Giddy/Up
I hope so I just picked up 2000 shares at 3.63
GO ODP!!!!!!!!!!!GIVE ME THE BOUNCE!!!!!
They got a favorable Rating from S+P....Stable....Staples, on the other Hand was rated Negative..........Giddy/Up
Anyone jumping in here ?
Yeah RSI extremely low! Should be ready for pop soon!
Taking another beating,Could see 3.00 today!!!!!!
* * $ODP Video Chart 05-11-16 * *
Link to Video - click here to watch the technical chart video
Back towards $4 we go! Patience will be rewarded!
Way oversold. I think I will take some of these cheapies!
How does ODP manage to miss EPS and Rev and still go up?
We all know a lot about what Amazon can do than what they think they can do ..LOL.
Court cases are based on the evidence and not the future growth etc. Currently Staples and Office Depot are 1 & 2 in the market and with big contracts. That is how FTC has based its case.
Staples and Office Depot are in a bad situation as they cannot present evidence because the evidence will prove that their growth prospects are nil and Amazon will take over them very soon. So they took alternative route "dismiss the case based on antitrust". If evidence is presented then Staples share holders might sue the company for buying ODP with this knowledge.
Executives at Staples and ODP wants to win the case so that they can sell their stocks at a much higher rate...which I think is normal with any senior management.
Don't have any evidence to present, but staples wants the case to be dismissed?
The DEAL looks like it's back on baby!! Loving this judge that uses his common sense when it comes to the FTC screw job here.
Good Choice. Adding more on Monday.
Exactly. Can't go wrong at this point....
I just tripled my position. Why not?
Who knows, maybe well get a better deal out of it.
Gives me such confidence in our legal system.
Well, it looks like half the law firms and most of the Attorney Generals in the US are starting investigations of BOD and others. Crazy. It's like a free-for-all money grab.
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NYSE - Office Depot, Inc (ODP)
http://www.officedepot.com/ Latest Promo: http://www.badgroove.com/index.php/tag/office-depot-foundation/
Company Information:
2200 Old Germantown Road
Delray Beach, FL 33445
United States
Phone: 561-438-4800
Fax: 561-438-4400
CIK: 0000800240
Every day, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides products and services to its customers through 1,587 worldwide retail stores, a dedicated sales force, top-rated catalogs and a $4.2 billion e-commerce operation. Office Depot has annual sales of approximately $12.1 billion, and employs about 41,000 associates around the world. The Company provides more office products and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 52 countries.
Management: http://investor.officedepot.com/phoenix.zhtml?c=94746&p=irol-govmanage
Important Company Highlights:
Office Depot's common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Additional press information can be found at: http://mediarelations.officedepot.com.
Office Depot Information: http://www.officedepot.com/specialLinks.do?file=/content/businesstools/sbh/default.jsp
Recent News:
Press Releases: http://investor.officedepot.com/phoenix.zhtml?c=94746&p=irol-news&nyo=0
http://finance.yahoo.com/q/h?s=ODP+Headlines
Filings:
Transfer Agent:
BNY Mellon Shareowner Services
P.O. Box 358015
Pittsburgh, PA 15252-8015
(800) 681-8059
Web Site: www.bnymellon.com/shareowner/isd
Investor Relations:
Investor.Relations@officedepot.com
561-438-7878
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