Office Depot Inc. (ODP)
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ODP Forum Topics
- All Comments on ODP
- General Discussion on ODP
- Biggest Gainers, Losers Since 9/29 [view article]
- Buy Rarely; Sell Repeatedly - Cramer's Lightning Round (10/2/08) [view article]
- Non-Financials Hit Hardest By the Crisis [view article]
- Replacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
- Best and Worst Performing Stocks of the Current Bear Market [view article]
- 15 Value Hedge Funds - Portfolio Update [view article]
- Sector and Stock Performance Since Oil's Peak [view article]
- KSW, ePlus Look Like Bargains [view article]
- Ten Stocks Below $10 a Share [view article]
- A 'Buy the Loser' Rally [view article]
- Can One Profit From Poor Customer Service? [view article]
loading ...Recent ODP Articles
- Biggest Gainers, Losers Since 9/29
- Non-Financials Hit Hardest By the Crisis
- Office Depot vs. Staples: Discounted Book vs. Superior ROE
- Best and Worst Performing Stocks of the Current Bear Market
- 15 Value Hedge Funds - Portfolio Update
- Sector and Stock Performance Since Oil's Peak
- KSW, ePlus Look Like Bargains
- Retailers Vie for Back to School Business
- Wall Street Breakfast: Must-Know News
- Earnings Preview: Office Depot
- Full List of Articles »
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Office Depot: Another Retail Sector Tragedy? [view article]
I work for the Office Depot BSD group in Canada.We are newly acquired, being purchased in June of 2007.
(we we're called Axidata Inc. at the time, privately owned, by a group of 16 shareholders, which was the whole management team)
Knowing what we know now, and seeing what's unfolding, do you experts believe that OD would be interested in selling off it's Canadian BSD division?
I know of a decent majority of employees that wouldn't mind buying back the company, and get out of this Office Depot turmoil!
Most employees fear for their jobs, as HQ comes in, cuts out jobs without analysing or questionning present management....
shoot first, ask questions later type of management just doesn't work for Canada, and it would be probably best if OD would get out of Canada, and sell back the business to those who built it from the ground up.
Odland, time to go pal.
and give back your 14 millions dollars in bonuses....
you don't deserve them.
your employees who actually do all the heavy lifting and hard work, those who actually make the sales come in every month, THOSE are the people who should share your 14 millions in bonus.......
Reply
It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
How does COP compare with XOM? ReplyReplacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
4-5 index etfs probably would do it as well. don't tell me you can keep track and properly analyze and follow all of your holdings. way too many.zero value added. Reply
Office Depot: Another Retail Sector Tragedy? [view article]
On Barron's website, ODP's debt ratio's are listed as:
Long-Term Debt to Equity: 0.19
Long-Term Debt to Total Capital: 0.16
Total Debt to Total Capital: 0.19
Total Debt: $748M
total debt to assets: 10%
Reply
Office Depot: Another Retail Sector Tragedy? [view article]
Wait until they move to the new Taj Mahal Global HQ in Boca Raton! Even more expenses loom on the horizon for ODP. ReplyReaper
Office Depot: Another Retail Sector Tragedy? [view article]
The Lastest News From The Grimm Reaper:OFFICE DEPOT
Dateline: Florida
Office Depot stock has fallen over 8% today, just before noon EST.
Analysis indicates that there will now be significant degrading of the companies value in the next 90 days.
OFFICE DEPOT needs to make bold moves to re-assure the investment community, such moves would include the sacking of CEO Steve Odland as well as BSD President Steve Schmidt; closing of all non-producing stores; hiring an out side accounting group to work with FLORIDA investigators to resolve the questions surrounding their government contracts; and refunding unilatterally, signiicant dollars to the numerous GOVERNMENT accounts that have been overcharged. Unless OFFICE DEPOT, take these types of bold steps, the investigations, in FLORIDA and CALIFORNIA, could result in irreparable damage to the OFFICE DEPOT brand name. Over all out look for 2008 is not good, even with bold action. Reply
Replacement Candidates for David Merkel's Portfolio: From AA to ZZ [view article]
Hi David,i have no idea how you pick stocks, what is your method? However, i see you have 3 companies in your list that i am long on, FTEK, FSR and FAST. I would like for you to check out ISLN, EXBD and MKL Reply
Office Depot: Another Retail Sector Tragedy? [view article]
I'm no expert in the economy, but I'm comfortable talking about the retail sector of the economy. First and foremost, I work for a company that manages and tracks gift cards, and I follow the retail world, especially gift cards on savvywallet.com. One thing that I've noticed is the retailers that are filing for BK, all expanded heavily together in recent years. Land was cheap, and credit was low. Now the times are tough, and the retailers expanded well beyond what they were capable of going through. It's shame, they had to be in every strip mall, but I don't blame them. Everyone was in every strip mall, if they weren't there, then they weren't competing. Now only do the workers suffer, consumers suffer as well. There is currently millions of unredeemed and voided gift cards. Office depot may be next. Steve and Barry filed of BK on Wednesday. ReplyIt's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
Is FSLR about to make a bid for SOLF (very cheap now)! ReplyReaper
It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
OFFICE DEPOT:New end of year projections: Projected close at $3.80per share for year end 2008.
OFFICE DEPOT HEADLINES:
Crisis in the Business Solutions Division (BSD)
Office Depot's contract delivery division resposible for 52% of ODs annual revenue is in dire straights. The crisis with BSDin more severe and significant then the declining sales and ROI from the retail division. Currently BSD does about $1.4 billion a year in government contract sales, mostly to state and local government agencies. The largest single OFFICE DEPOT contact is the US Communities/Los Angeles County/Office Depot contract for officeand school supplies, which is valued at $700 million annually.
In April an ex-senior account manager with Office Depot BSD came forward as a whistleblower, with allegations that Office Depot was engaged in systematic schemes to overcharge and defaud government accounts to amounts in excess of $70 million per year. The states of NEBRASKA, GEORIA, NORTH CAROLINA AND CONN. issued scathing audit reports with NEBRASKA AND GEORGIA cancelling the contract with Office Depot. After the whistleblowers presentation to the ATTORNEY GENERAL of the STATE OF FLORIDA, the Attorney General ordered his elite Economc Crimes Division to immediately open a wide ranging FRAUD investigation of OFFICE DEPOT and its government contracts.
Presently the investigation in ongoing, as other audits and investigations are popping up across the country concerning Office Depot's contract businss with government agencies.
OFFICE DEPOT i required by law to report and dsclose these significant cotigent labilities in their financial statements. By not disclosing how these events can material effect the value of the company, is injurious to the stockholders and investors. THE SECURITIES AND EXCHANGE COMMISSION, should soon be investigating the lack of disclsure by Office Depot.
THIS WILL BE THE WORST PERFORMING STOCK OF 2008, AND WILL HAVE A HIGH PROBABILITY OF BEING CONSUMED BY A VENTURE GROUP AS THE STOCK CONTINUES TO DECLINE AND INVESIGATIONS MOUNT. Reply
Office Depot: Another Retail Sector Tragedy? [view article]
Even before the bad turn of the economy, the Office Depot store in my neighborhood always had parking in front of the door - never had a line - and sales assistants were abundant but scarce when it came to offering service.It is no wonder that they are in the position they are in -- and BSD --- I have dealt with them -- even when they were selling me at 2.00 over their cost they could not get things right - nope - sticking with Staples .... Reply
Story
Office Depot: Another Retail Sector Tragedy? [view article]
Here is a link that reports the government contract story.www.palmbeachpost.com/... Reply
nly
It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
He always has an agenda as with Sirius. I do not trust him. I will continue to buy ESLR on ANY weakness. ReplyIt's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08) [view article]
i just wonder if anyone here follows cramer.i used his picks as a contrarian. it always seems to me that he is picking longs at the highs and shorts at the bottom.
2 years back i saved tons of money on CEPH using his advice. when he said to buy when the stock went to 80 i ran to the hills and it took a nose dive.
it also seems to me he is like day trader. one day he says FSLR is huge buy, next day he says CEO sells tons of shares so we don't like FSLR, few weeks go by and again he loves FSLR.
i wonder if someone is calculating his returns - it will be very interesting to see if he's in the green or if he's a consistant loser.
Reply
Reaper
Office Depot: Another Retail Sector Tragedy? [view article]
OFFICE DEPOT,stuck with horrible upper level management and leadership, is destined to be the bigest corporate stock failure of 2008.My updated end of year range will be between $2.80 and $3.40 per share. This will end Office Depot's existence as we know it today, as it will certainly be consumed by a venture group, so long as the contigent liabilities, resulting from the many ongoing investigations of its BSD government business, does not completely devastate the financials. This will be the WORST STOCK OF 2008 Reply