OfficeMax Incorporated
 (OMX)

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  • Nov. 1, 2013, 9:13 AM
    | Nov. 1, 2013, 9:13 AM | 1 Comment
  • Oct. 16, 2013, 3:23 PM
    • Office Depot (ODP +7.9%) and OfficeMax (OMX +9.1%) spike higher amid chatter the FTC is close to backing the merger of the office superstores.
    • Staples (SPLS +3.8%), which was already putting in some solid gains, also trekked higher off the same news.
    • The general consensus in the sector is that two major players is better than three.
    • OPD-OMX merger timeline
    | Oct. 16, 2013, 3:23 PM
  • Aug. 21, 2013, 9:13 AM
    • OfficeMax (OMX) and Office Depot (ODP) both trade lower premarket after Staples cuts its outlook on weak demand.
    • ODP -2.1% premarket, OMX -1.4%.
    | Aug. 21, 2013, 9:13 AM
  • Aug. 6, 2013, 8:48 AM
    • The office supply sector doesn't look any more attractive after OfficeMax (OMX) reported its Q2 numbers.
    • Sales to corporate customers were weaker than expected and the retailer's profit margin got squeezed just a little bit more.
    • OMX -2.4% premarket, while shares of Staples (SPLS) and Office Depot (ODP) are on watch.
    | Aug. 6, 2013, 8:48 AM
  • Jul. 24, 2013, 11:17 AM

    Supervalu (SVU +2.6%) gets a new CFO, hiring OfficeMax (OMX -1.5%) CFO Bruce Besanko. Supervalu CEO Sam Duncan, of course, came over from OfficeMax in 2011 after turning that company around. Besanko is set to start his new job on August 7. (PR)

    | Jul. 24, 2013, 11:17 AM
  • Jun. 10, 2013, 12:45 PM
    Midday top 10 gainers: SGOC +25%. ACAD +17%. STEL +17%. MPAA +14%. TRMD +9%. OVAS +13%. CLIR +13%. TPLM +12%. RVLT +13%. KNDI +12%.
    Midday top 10 Losers: DVAX -35%. OSH -18%. ECTE -16%. AFFY -14%. AEPI -14%. OMX -12%. SHI -12%. PLM -11%. GNRC -11%. CBAK -11%.
    | Jun. 10, 2013, 12:45 PM | 1 Comment
  • May 7, 2013, 8:00 AM

    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)

    | May 7, 2013, 8:00 AM | 1 Comment
  • May 7, 2013, 7:52 AM

    More on OfficeMax's (OMX) Q1: Adjusted Q1 sales fall 4.3% Y/Y reflecting "weak macroeconomic conditions and continued industry declines in technology sales," CEO Ravi Saligram says. Results should improve in H2 thanks to cost-cutting. Same-store sales in the retail segment fell 5.4% Y/Y. OMX sees Y/Y sales declines in Q2 and for FY13. However, the company says sales should not continue to decline at the same rate going forward and notes operating margins for the full year should be higher than they were for Q1. Shares +1.8% premarket. (PR)

    | May 7, 2013, 7:52 AM
  • Feb. 21, 2013, 10:30 AM

    Office Depot (ODP -3.6%) and OfficeMax (OMX -2.3%) drop again as the pair now trade lower than where they did before the merger was announced. Investors seem to want to find out who is running the nameless new company before backing it to see a return to profitability and relevance.

    | Feb. 21, 2013, 10:30 AM | 3 Comments
  • Feb. 20, 2013, 2:42 PM
    The bloom is off the rose as both Office Depot (ODP -18.5%) and OfficeMax (OMX -7.8%) tumble from early trading levels after the merger was announced. A conference call this morning covered a number of important financial details of the combination but here's what was missing: 1) What is the new company called? 2) Who is running the new company? 3) Where will the yet-to-be-named company run its operations from? 4) Can a board split 50-50 between OMX and ODP pedigree get things done?
    | Feb. 20, 2013, 2:42 PM | 6 Comments
  • Feb. 20, 2013, 11:08 AM

    Heard during the OfficeMax-Office Depot merger conference call: 1) Execs painstakingly describe the deal as a merger of equals - not ODP buying OMX. 2) The companies expect $350M-$450M of one-time costs tied to the transaction and expect capital investment of $200M. 3) The international operations of the two retailers are "complementary" and aren't expected to deliver significant synergies. 4) Without saying the word Amazon, execs say the merged company will improve and expand e-commerce offerings. (webcast, slides)

    | Feb. 20, 2013, 11:08 AM
  • Feb. 20, 2013, 9:46 AM

    Take two: The Office Depot (ODP +9.2%) deal to merge with OfficeMax (OMX +6.1%) looks to be official now with a more detailed press release out from both companies. By the third year of the merger, cost synergies of $400M to $600M a year are anticipated. Before the transaction closes, OfficeMax retains the right to pay shareholders dividends of up to $1.50 per share. A conference call at 11:00 AM EST is scheduled.

    | Feb. 20, 2013, 9:46 AM
  • Feb. 20, 2013, 9:29 AM

    Shares of OfficeMax (OMX), Office Depot (ODP), and Staples (SPLS) all retreat in premarket action after word hits that the press release covering the ODP-OMX merger was released prematurely. Reuters is reporting talks on a deal are still ongoing.

    | Feb. 20, 2013, 9:29 AM
  • Feb. 20, 2013, 9:10 AM
    Premarket gainers: NTSP +30%. NVGN +14%. JASO +9%. SINA +8%. GDOT +8%. THLD +8%. RMBS +8%. OMX +7%. ODP +7%. MDRX +6%. GALE +5%.
    Losers: HNR -41%. MM -27%. ONCY -12%. GRMN -9%. LIFE -5%.
    | Feb. 20, 2013, 9:10 AM
  • Feb. 20, 2013, 7:55 AM

    Shares of all three office supply companies are on the rise after Office Depot decides to merge with OfficeMax in an all-stock deal. The quick analyst take is that Staples may take some market share while the newlyweds get to know each other. Premarket: SPLS +3.8%, ODP +13.6%, OMX +15.4%.

    | Feb. 20, 2013, 7:55 AM
  • Feb. 19, 2013, 12:53 PM
    Midday top 10 gainers: NVGN +134%. PVFC +53%. CMGE +42%. TELOZ +41%. EMITF +37%. ZIPR +24%. RRGB +20%. OMX +20%. GSB +18%. LOAN +18%.
    Midday top 10 losers: MYRX -95%. CPSL -35%. GMXR -29%. DGIT -25%. SNFCA -20%. EHTH -17%. CIMT -16%. RVLT -13%. MARK -13%. PERY -12%.
    | Feb. 19, 2013, 12:53 PM
Company Description
OfficeMax is a leader in both business-to-business and retail office products distribution. We provide office supplies and paper, print and document services, technology products and solutions and office furniture to large, medium and small businesses, government offices and consumers. OfficeMax... More