Activist investor Starboard Office Depot (ODP) is expected to disclose that it took a 13.3%...

|About: Office Depot Inc. (ODP)|By:, SA News Editor

Activist investor Starboard Office Depot (ODP) is expected to disclose that it took a 13.3% stake in the office supply company, according to the WSJ. A letter addressed to Office Depot CEO Neil Austrian pitches the case that the "deeply undervalued" company could be turned around. Shares of ODP moved up 31% over the last 3 trading sessions as P-E chatter on the sub-sector picked up.