Staples (SPLS) moves up 0.5% in premarket trading after peer Office Depot (ODP) lands an...

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

Staples (SPLS) moves up 0.5% in premarket trading after peer Office Depot (ODP) lands an activist investor following last week's strong move on chatter that P-E firms were sniffing around. Despite all the bravado on low valuations for the office supply sector, Douglas McIntyre stays skeptical with the double-whammy of large store expansion and Amazon still looming as formidable challenges to overcome.