The common refrain on the office supply sector used to be that Staples (SPLS) would be the last...


The common refrain on the office supply sector used to be that Staples (SPLS) would be the last man standing as peers OfficeMax (OMX) and Office Depot (ODP) fell by the wayside. But after Staples sees profits fall dramatically and cut its sales guidance, Herb Greenberg wonders if anyone will survive the sector carnage. Unlike Best Buy, leveraged buyouts don't appear to be in the mix. SPLS -14.5%, ODP -3.4%, OMX -4.4%.

From other sites
Comments (1)
  • Neil459
    , contributor
    Comments (2636) | Send Message
     
    Makes sense. Most small offices are closed or closing. Look at the empty rental space. Guess the economy is not as good as Obama says or prays for.
    15 Aug 2012, 11:44 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs