Seeking Alpha
  • Michael Bryant
    Office Depot ($ODP) & OfficeMax ($OMX) are still buys despite their run-up.
    1/21/13
    Reply (7)
    • Shane Blackmon: i strongly disagree that $ODP is a buy here. $OMX is about fairly valued now. I was the only outspoken bull last year under $5.
      1/21/13
    • Michael Bryant: I thought I was also talking about $ODP months ago, too.
      1/21/13
    • Shane Blackmon: You might have... but to say they are still buys here is a little over optimistic. Likely leading to losses for new comers
      1/21/13
    • Michael Bryant: Why do you think it is a sell, then? Valuations are still cheap and resistance is $6.
      1/21/13
    • Michael Bryant: Or if you wanna be safe, maybe sell at $5.50.
      1/21/13
    • Shane Blackmon: Way overbought right now based on Starboard having a Tuesday deadline. Company doesn't have the B.S. that OMX does with Boise and...
      1/21/13
    • Shane Blackmon: excess cash. A deal between OMX and ODP will never happen, SPLS could try.. but will it pass regulators? Doubt it. It's not a buy here.
      1/21/13