Staples | StockChase
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Staples (SPLS-Q (dEAD))

Last Price Recorded: $10.2500 on 2017-09-12

ON STOCKCHASE SINCE Aug 2002

Acquired by Sycamore Partners (Sept 2017)

specialty stores

Staples


Signal Opinion Expert

2017-05-19

COMMENT
Staples (SPLS-Q (dEAD))

Same-store sales are falling. Office supplies brick/mortar are just killing them right now, and they don’t have a great e-commerce presence. It will hang in, because it is only one of 2 out there, but it will struggle.

specialty stores
David Driscoll

President & CEO, Liberty International Investment Management Inc

Price: $8.720
Owned: Unknown

2016-05-11

COMMENT
Staples (SPLS-Q (dEAD))

He would rather own advertising companies in the consumer discretionary sector. You get a better dividend and a smoother ride. 

specialty stores
John Burke

CEO & CIO, Burke Financial Strategies

Price: $8.460
Owned: No

2015-11-02

DON'T BUY
Staples (SPLS-Q (dEAD))

(Market Call Minute) It is one of the underperforming retailers.  Prefers CSCO-Q.

specialty stores
David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $13.090
Owned: Unknown

2015-04-14

COMMENT
Staples (SPLS-Q (dEAD))

If this company does eventually buy Office Depot (ODP-Q), that is a positive because they are consolidating a very competitive industry. There is a lot of competition from online retailers. Not an industry where she sees a lot of strong secular growth and it is relatively mature. Not a space that she is particularly interested in.

specialty stores
Christine Poole

CEO & Managing Director, GlobeInvest Capital Management

Price: $16.210
Owned: No

2014-07-24

DON'T BUY
Staples (SPLS-Q (dEAD))

In the midst of a structural shift in the retail sector and you may want to avoid this. With stores closing, they are in a shrinking space.

specialty stores
Gordon Reid

President, GoodReid Investment Counsel

Price: $11.190
Owned: No

2014-07-09

COMMENT
Staples (SPLS-Q (dEAD))

Was on his Stock Watch list, and then had a run and was taken off the list. He isn’t watching this one that closely. Good online growth, but the stores themselves have been having some troubles. A lot of the companies in this sector are downsizing. If this got under $10, he would be more interested. A leader in its field, and he loves investing in the leaders as contrarian plays.

specialty stores
Benj Gallander

President, Contra the Heard Investment Letter

Price: $11.060
Owned: No

2014-06-24

SELL
Staples (SPLS-Q (dEAD))

Growth rate has really declined to low single digits.  Stock is expensive.  Would not own this stock.

specialty stores
Stan Wong

Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod

Price: $11.070
Owned: Unknown

2014-06-23

DON'T BUY
Staples (SPLS-Q (dEAD))

Market leader in office supplies.  Problem is that the whole world has changed for them.  More and more businesses order on line and company is stuck with big leases. 

specialty stores
Norman Levine

Managing Director, Portfolio Management Corp

Price: $11.230
Owned: No

2014-05-12

HOLD
Staples (SPLS-Q (dEAD))

Facing stronger competition now compared to the 1990s when they were building out lots of stores in a consolidated industry. Some of the office supply consumption, such as paper, is going down. A lot more competition from big box stores. They are obviously going into and entrenchment period where they will try to cut costs. In the short term, this is a Hold more than anything else. If they are able to stabilize the situation and cut their costs, there is definitely value in the stock for patient investors.

specialty stores
Jim Huang

President, T.I.P. Wealth Management

Price: $13.230
Owned: Unknown

2014-05-02

DON'T BUY
Staples (SPLS-Q (dEAD))

Unfortunately is in a business that is declining from a retail point of view.  Companies don’t use as much of their products as in the past.  More and more orders are placed on-line so the stores are just costing them more and more to operate.

specialty stores
Norman Levine

Managing Director, Portfolio Management Corp

Price: $12.620
Owned: Unknown

2014-03-10

WATCH
Staples (SPLS-Q (dEAD))

Had terrible earnings and the stock dropped 15% or so. Announced they are closing a bunch of stores and are increasingly trying to sell things on line. The problem with going head to head with Amazon (AMZN-Q) online is that Amazon seems to have an unlimited ability to sell things at a loss. This company is not going out of business. They made a lot of money, just not as much as people wanted them to. He owns, but thinks his time as an owner is coming to a close. When companies have bad earnings, there is frequently an emotion in the market to have a big selloff, but if you look 6 weeks later, infrequently half of that loss is recaptured.

specialty stores
David Baskin

President, Baskin Wealth Management

Price: $11.630
Owned: Yes

2013-08-06

BUY
Staples (SPLS-Q (dEAD))

The leader in office products. Likes their ability to do “fulfillment the next day” on every product that you want. Sees a continuance to improve revenues. The problem is, revenues have flat lined so they are looking to improve it by cost cutting. Likes 1) their high free cash flow yield, 2) increasing dividend each and every year and 3) always a potential as a takeover target from private equity. $25 in a few years.

specialty stores
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $17.080
Owned: Unknown

2013-05-22

DON'T BUY
Staples (SPLS-Q (dEAD))

Just under 10% yield.  Fundamentals are challenging.  It is a very competitive market.  Expects them to shrink over the net several years. 

specialty stores
John Wilson

CEO; Co-CIO & Sr Portfolio Manager, Sprott Asset Management

Price: $15.170
Owned: Unknown

2013-04-18

DON'T BUY
Staples (SPLS-Q (dEAD))

Phenomenal valuation, great balance sheet.  But it comes short on management.  Likes them to have a sense of urgency.  They are not concerned about the lower amount of paper usage.  Ignoring that trend is a red flag.  They made a lot of acquisitions in Europe over the last 5 years and she is not convinced they can do what is necessary.  Short term the consolidation of the number 2 and 3 players will be a bit of a benefit to them.

specialty stores
Jennifer Radman

VP & Sr. Portfolio Manager, Caldwell Investment Management

Price: $12.700
Owned: No

2013-01-14

BUY
Staples (SPLS-Q (dEAD))

Has been lumped in with all the other retailers, he thinks, unfairly.  It is their European stores.  Great company and too cheap and they are buying back shares hand over fist.  Could be taken over by private equity.

specialty stores
Barry Schwartz

CIO & Portfolio Manager, Baskin Wealth Management

Price: $12.160
Owned: Yes

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