Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP Message Board

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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP

SPLS 10.25

0.0%

Sep 28 5:00 PM EST

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To: Joe Waynick who wrote (127)	7/3/1997 11:48:00 PM
From: jim clabaugh	of 297

joe, this is a tuff one. the option premiums aren't worth playing, but i firmly believe the company has a low 20's stock. i'm in it at 15-3/4 and the big question is will it climb to 20 in a reasonable timeframe? if i don't see continued uptrend, i'll probably write a ITM call for august and let it be called away. i want to see 3/8$ per week and thus far, it's recovering nicely since tuesday. re: expansion. the press announcement from ODP said that they had falled behind in their growth plans and would only open 1/2 as many stores this FY due to their focus on the merger. they got a $6m writeoff this quarter due to merger costs, but said they would resume their new stores plan for next FY. cheers, jim.

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