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Jefferies Downgrades Office Depot, Staples Following Merger Termination
Wednesday, May 11, 2016 - 3:36pm | 556Jefferies has downgraded both Staples, Inc. (NASDAQ: SPLS) and Office Depot Inc (NASDAQ: ODP) to Hold from Buy, following the termination of their merger. Analyst Daniel Binder noted that their prior ratings were based on Staples successfully acquiring Office Depot and benefiting from $1...
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UBS Downgrades Office Depot: 'The Train Has Left The Station'
Wednesday, May 11, 2016 - 9:22am | 319UBS’ Michael Lasser expects Office Depot Inc (NASDAQ: ODP) shares to be under pressure going forward, due to the termination of the merger agreement with Staples, Inc. (NASDAQ: SPLS). Lasser downgraded the rating on the company from Neutral to Sell, while lowering the price target from $5.50...
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Office Depot To Close 400 Stores
Tuesday, May 6, 2014 - 1:57pm | 434Office Depot (NYSE: ODP) is wrapping up the consolidation of its merger last year with OfficeMax by closing at least 400 stores. That announcement came in alongside the company's first quarter earnings results on Tuesday, which pleasantly surprised both analysts and Office Depot officials. “...
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Tiger Woods' Absence Could Cost Golf $15 Billion
Tuesday, April 22, 2014 - 12:12pm | 595Sure, it’s a sports story but it’s a business story, too. For all of the mistakes, bad press, and general lack of media savvy Tiger Woods has shown, he’s made golf, and the companies involved in the sport, a lot of money. To name a few, Mercedes-Benz, Samsung, Pepsi, OfficeMax, all of the major...
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Earnings Expectations For The Week Of November 11: Walmart And Other Retailers
Sunday, November 10, 2013 - 1:45pm | 1046Here is a preview of what earnings to expect for the week starting November 11. While Cisco Systems (NASDAQ: CSCO), Dish Network (NASDAQ: DISH) and Viacom (NASDAQ: VIAB) are expected to post earnings growth when they report quarterly results this week, the focus really will be on retailers like...
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Earnings Expectations For The Week Of November 4: Disney, Tesla, Groupon And More
Sunday, November 3, 2013 - 5:32pm | 1342While many S&P 500 components have already shared their third-quarter results, there will be plenty more earnings reports for investors to mull over this week. The week's highlights include quarterly reports from media giants CBS, Disney and Time Warner, which all are expect to post earnings...
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Merging Office Retailers See Short Interest Surge (AVP, ODP, OMX)
Sunday, October 27, 2013 - 7:09pm | 996The back-to-school shopping season was underwhelming, and the government shutdown shook economic confidence ahead of the holiday shopping season. Among struggling retailers, Avon Products (NYSE: AVP), Office Depot (NYSE: ODP) and OfficeMax (NYSE: OMX) saw significant upswings in short interest in...
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Barnes & Noble, J.C. Penney See Short Interest Rise (BKS, JCP, OMX)
Sunday, October 13, 2013 - 1:11pm | 983The back-to-school shopping season was underwhelming, and economic confidence is plummeting ahead of the holiday shopping season. Among troubled retailers, Barnes & Noble (NYSE: BKS), J.C. Penney (NYSE: JCP) and OfficeMax (NYSE: OMX) saw significant upswings in the number of their shares sold...
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Avon And Rite Aid Still Attracting Short Sellers (AVP, PSUN, RAD)
Thursday, September 26, 2013 - 12:57pm | 1021Among troubled retailers, Avon Products (NYSE: AVP), Pacific Sunwear (NASDAQ: PSUN) and Rite Aid (NYSE: RAD) saw significant upswings in the number of their shares sold short during the first weeks of September. Below is a quick look at how these three have fared and what analysts expect from them...
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Wild Short Interest Swings In Barnes & Noble and Rite Aid (BKS, OMX, RAD)
Thursday, September 12, 2013 - 2:48pm | 987Overall, the short interest moves in troubled retail companies were mixed again during the latter weeks of August. However, Barnes & Noble (NYSE: BKS) and Rite Aid (NYSE: RAD) saw upswings of more than 30 percent in the number of their shares sold short. The short interest in Avon Products (...
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Short Interest In J.C. Penney And Sears Still On The Rise (GME, JCP, SHLD)
Thursday, August 29, 2013 - 12:43pm | 986Overall, the short interest moves in troubled retail companies were mixed again during the initial weeks of August. GameStop (NYSE: GME), J.C. Penney (NYSE: JCP) and Sears Holdings (NASDAQ: SHLD) saw significant percentage swings in the number of their shares sold short. The short interest in...
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Short Interest in SUPERVALU and Rite Aid Falls (JCP, RAD, SVU)
Sunday, August 11, 2013 - 12:59pm | 988Overall, the short interest moves in troubled retail companies were mixed again during the final weeks of July. J.C. Penney (NYSE: JCP), Rite Aid (NYSE: RAD) and SUPERVALU (NYSE: SVU) saw significant percentage swings in the number of their shares sold short. Short sellers shied away from Barnes...
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Investors Don't Signal Feelings About Office Depot Q2 Earnings (ODP)
Tuesday, July 30, 2013 - 10:17am | 257Office Depot (NYSE: ODP) reported second quarter results Tuesday morning, moving shares little in the pre-market. EPS came in at a ten cent loss (as expected) while revenue was $2.4 billion for a 1.23 percent miss. CEO Neil Austrian said, “Sales continue to be impacted by a sluggish technology...
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Short Sellers Load Up on Pacific Sunwear, Unload SUPERVALU (PSUN, SHLD, SVU)
Saturday, July 27, 2013 - 12:07pm | 976Overall, the short interest moves in troubled retail companies were mixed again during the first weeks of July. Pacific Sunwear (NASDAQ: PSUN), Sears Holdings (NASDAQ: SHLD) and SUPERVALU (NYSE: SVU) saw significant percentage swings in the number of their shares sold short. Short sellers also...
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Short Sellers Retreat from GameStop, Rite Aid (AVP, GME, RAD)
Sunday, July 14, 2013 - 8:49pm | 945Overall, the short interest moves in troubled retail companies were mixed again during the latter weeks of June. Avon Products (NYSE: AVP), GameStop (NYSE: GME) and Rite Aid (NYSE: RAD) saw the number of their shares sold short decrease by more than 10 percent. Short sellers also shied away from...