Money Investor
Long/short equity

ACCO Brands: Concerns Are Misplaced And Stock Is Cheap

ACCO Brands (NYSE:ACCO) is one of the world's largest suppliers of select categories of branded office products. This is not necessarily a sexy business, but it is still a profitable one. The office products retail industry has been in turmoil over the past few years, with margins being crimped and the large players such as Staples (NASDAQ:SPLS), OfficeMax (NYSE:OMX), and Office Depot (NYSE:ODP) forced to revamp their businesses to stay relevant. Part of this is due to the heavy focus these companies previously placed on selling consumer electronics such as computers, laptops, and printers which have seen a secular decline and increased competition from e-commerce. ACCO does not see the bulk of...

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