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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP
SPLS 10.250.0%Sep 28 5:00 PM EST

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To: BWAC who wrote (225)10/7/1999 11:48:00 PM
From: David Spruiell  Read Replies (1) of 297
 
I bought two days ago at $10 1/8. Earnings are due on Oct 14, and I was expecting a rise up to the earnings date. Well nothing but huge sell blocks all day long. My guess is that Office Max announced a few days ago that they were not going to make their earnings due to Floyd(Hurricane). I also saw that ODP has almost 1/2 Billion debt, up 150 million from last year. Staples has not been hit like ODP and OfficeMAX, sooo, will ODP and MAX rise, OR, will Staples fall to a PE of 15.
I do not know, best guess anyone?
David
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