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ODP

Office Depot Inc.

5/22/2013, 6:00 PM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, May 16, 2:46 PM Jana Partners discloses a position of 13.814M shares of Office Depot (ODP -2.7%) as of the end of March. The holding becomes more interesting to consider when it's combined with the sizable stake of Starboard Value to create a 20% hedgie voting block - a bit of a small leash for management. (13F) Comment! [Consumer]
Tuesday, April 30, 8:52 AM Office Depot (ODP) says the FTC made a second request on details of its planned combination with OfficeMax but that it still expects the deal to close by the end of the year. A lack of details on what a combined ODP-OMX entity will look like persists, keeping visibility somewhat cloudy for Staples (SPLS) as well. (Previous on ODP earnings: I, II) Comment! [Consumer]
Tuesday, April 30, 8:33 AM More on Office Depot's (ODP) Q1: A shift in the timing of New Years and Easter negatively impacts sales to the tune of $58M — this was a contributing factor to the company's 5% Y/Y revenue decline. Q1 also includes ~$25M in merger-related pretax charges. The company says it saw "modest improvement in trends late in the period," and is confident it can hit both Q2 and FY13 guidance. Shares -1.62% premarket. (PR) Comment! [Earnings, On the Move]
Tuesday, April 30, 7:06 AM Office Depot (ODP): Q1 EPS of $0.00 misses by $0.05. Revenue of $2.7B (-5% Y/Y) misses by $0.07B. (PR) Comment! [Earnings, Breaking News]
Tuesday, April 30, 12:05 AM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS Comment! [Earnings]
Monday, April 29, 5:30 PM Notable earnings before Tuesday’s open: ABFS, AET, AGCO, AMED, ARCO, AVP, BEN, BP, CIE, CMI, CNH, COCO, CRIS, CYNO, DBD, DDD, DPZ, ECL, EPD, ESV, EXAS, FCH, FIS, FLWS, GAS, GOV, HCLP, HCP, HEP, HNR, HOT, HRS, HUN, HW, IVZ, KLIC, LM, MCGC, MHP, MLM, MNTA, MPC, MPLX, MSO, MTG, MTOR, MWV, NEE, NI, NYX, ODP, OSK, PBI, PEG, PES, PFE, ROC, SAVE, SIRI, TFX, THC, TRI, TRW, UBS, UDR, VLO, VSH, WEC, X, XYL, ZTS 1 Comment [Earnings]
Monday, April 22, 8:04 AM Starboard files a preliminary consent solicitation with the SEC in order to seek shareholder approval for its desire to remove certain Office Depot (ODP) board members without a formal meeting. Starboard's missive in a nutshell: "Stockholders cannot afford to simply continue with the status quo and hope for improved results down the road." (14A) Comment! [Consumer]
Tuesday, April 9, 8:45 AM Who will be the CEO of the combined Office Depot (ODP) and OfficeMax (OMX)? That's the question a new committee appointed by the companies will work on as it considers both current CEOs as well as external candidates. (S-4) Comment! [Consumer]
Tuesday, April 9, 7:45 AM Office Depot (ODP) and OfficeMax (OMX) confirm that each company received a request for additional information from the FTC in relation to the proposed merger between the two companies. The action could push out the final closing date of the transaction, but isn't expected to pose a serious threat to the deal culminating. (S-4) Comment! [Consumer]
Friday, April 5, 10:31 AM Sports Chalet is the latest retailer to jump into offering same-day delivery services, saying it will test a program to both sell and rent items from stores in the West. Though the same-day delivery concept is getting plenty crowded with ideas ranging from the use of lockers (AMZN), in-store pickup (ODP, HD), valets (EBAY), and even in the case of Wal-Mart (WMT) a potential trust-your-neighbor delivery service - widespread adoption still appears far away to retail analysts. What to watch: To protect margins, retailers are expected to slip in some fees on same-day delivery. Comment! [Consumer]
Monday, March 18, 8:40 AM Starboard flexes its muscles as it nominates six candidates to the board of Office Depot (ODP). In premarket trading, ODP +2.5%. Comment! [Consumer, On the Move]
Sunday, March 17, 5:23 AM Office Depot (ODP) has reportedly extended talks to sell its 50% stake in its Mexican unit to Grupo Gigante, which holds the rest, after the deadline for a deal expired on Friday. The sides have continued the negotiations partly because of Office Depot's merger with OfficeMax (OMX). Comment! [Consumer, M&A]
Friday, February 22, 6:47 AM Office Depot (ODP) says as part of the merger agreement with OfficeMax the sale of its Mexican joint venture business to Grupo Giganta will require the consent of OfficeMax. The offer expires on February 28. Comment! [Consumer]
Thursday, February 21, 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. 3 Comments [Consumer, On the Move]
Wednesday, February 20, 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? 6 Comments [Consumer, On the Move]
Wednesday, February 20, 12:45 PM Midday top 10 gainers: NVGN +46%. IMMY +33%. IKNX +29%. NTSP +29%. CRTX +22%. LZB +17%. CHLN +16%. RVLT +15%. CMGE +14%. TCX +14%.
Midday top 10 losers: HNR -39%. MM -36%. GMXR -19%. MEIL -19%. JAXB -18%. ANAD -16%. ODP -14%. ONCY -13%. BONE -13%. COBR -12%. Comment! [On the Move]

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