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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (240)	10/29/1999 9:57:00 PM
From: Toni Wheeler	Read Replies (2) \| Respond to of 297

How true, BWAC...it's called 'value investing'!! You did GOOD...and, IMO, you should do even better in the weeks to come: <<<RESEARCH ALERT--Office Depot started at strong buy NEW YORK, Oct 26 (Reuters) - Wachovia Securities said on Tuesday it started coverage of Office Depot Inc. (NYSE:ODP - news) at strong buy. -- The company, one of the world's largest suppliers of office products, has invested in technology to improve supply chain management. -- Operating margins have been under pressure due to a higher mix of technology sales and increased paper costs. These trends could be reduced by better than expected sales and better leverage on a very immature store base. -- A rapid acceleration in the number of new store openings has decreased reported average store sales. About 20 percent of the chain is currently too new to be included in the same-store sales count. -- An increase in the number of competitive markets for superstore operators has led to an increased concern about market situation. -- A cash laden balance sheet gives management flexibility with respect to its strategic options. The recent completion of a $500 million buyback at an average price of $10.69 per share is accretive to earnings by about $0.10 per share over the next 12 months. -- Excluding the accretion to earnings from the buyback, Wachovia anticipates operating earnings increasing 18 percent over the next 12 months. Including the buyback, earnings per share should rise 26 percent next year. -- Office Depot shares were up 3/16 at 11-11/16 on the New York Stock Exchange.>>> As investors, we will ALL benefit from these undervalued prices! My best, T.