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More on OfficeMax's (OMX) Q1: The retailer again cites declines in technology sales as revenue...

More on OfficeMax's (OMX) Q1: The retailer again cites declines in technology sales as revenue tailed off. Same-store sale fell 5.4% during the period. Cost reductions helped the company improve gross profit margin moderately, up 20 bps to 26.0%. After sizing up April trends, OfficeMax projects Q2 sales will be lower than last year. OMX +1.5% premarket. (PR)
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  • boundiron
    , contributor
    Comments (28) | Send Message
     
    20% of Boise Cascade + the Cash received in February (with interest from Feb, more than the $1.50 per share distribution announced) from that IPO may be worth $4/5 per OMX share..... The stock is held under a shareholder agreement with Madison Dearborn...assuming the usual clauses in a Shareholder Agreement with Madison, this 20% stake is probably worth more than the present share price , to either Madison or another value Investor, i.e. Icahn, Pershing, etc etc. Let the Board know about your feelings about manner that this investment is being dealt with!!!!
    7 May 2013, 02:12 PM Reply Like
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