|Daily Range||$5.31 - $5.41|
|52-Week Range||$3.18 - $6.10|
|Dividend (Yield)||$0.00 (0.0%)|
|Average Daily Volume||12,197,424|
|Current FY EPS||$0.03|
Office Depot (ODP) Description
A global supplier of office products and services. Website: http://investor.officedepot.com/
News & Commentary
Staples is aggressively taking costs out of its business, much like Best Buy has been doing, as it deals with lower demand for office supplies. These cost cuts combined with opportunities presented by the merger of Office Max and Office Depot should allow Staples to maintain its profitability.
Staples is reinventing itself as a one-stop-shop for businesses as demand for traditional office supplies weakens. While profits are being squeezed, the long-term picture looks promising.