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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: Michael Coley who wrote (132)7/6/1997 11:56:00 PM
From: james s   of 297
 
michael and ALL:
i think you may be correct in you post of july 4th. take
a look at OMX chart for the last 6 months the stock has sold
off every time the merger was blocked. OMX sells for a p/e
of 25 or so w/ p/s of .55 in a so called hot industry right
now. this sounds like a good value in a market thats p/e is
22 plus ???
OFFICE MAX should move on its own now, i see some more downward
movement then up w/ resistance @ 15.25 and 17

good trades,
james
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