Replies to post #210 on ODP Corporation (ODP)

[soloman48]

I am no longer a shareholder in OPD.
I shorted the stock when it was $10.00
Rode it down and $5.00.
It proceeded down to .52
The only reason they came back from the .52 level was a foreign investor propped it up.
I had a friend of mine tell me he recently bought the stock thinking that it was on its way back up. He was unaware of the issues at hand.
Forthermore if you study their financials you'll see that unless something improves quickly they have 5 to 6 months of operating capital left.
I'm very familiar with this industry and it took me no time at all to copy and paste the information in my previous post. Everything was copied from numerous industry newsletters and trade journals.

[realest]

I'm buying it up. $2 is ridiculously low. Unfortunately, cities across america are resorting to extortion against our public companies to meet budget shortfalls.

ODP is paying petty cash it appears to save prestige. IMO, most of these are going nowhere. Most cost of product differences can probably be chased to freight rates. You can't sell something for a buck in one location when it cost you 50 cents transport to another, that cost becomes 1.5 and is honest and valid.