Nomura doesn't think Staples (SPLS +2.1%) went far enough with its slashing of stores in the...

|By:, SA News Editor

Nomura doesn't think Staples (SPLS +2.1%) went far enough with its slashing of stores in the U.S. and Europe as it advises clients to stay on the sidelines. Visibility appears to remain cloudy on the stock as neither chatter that it would be taken private by p-e firms or the new strategic plan announced on Tuesday has stirred up anything resembling a rally.