Office Depot, Inc
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Ticker Summary (ODP)
| 4.32+0.03 (+0.70%) | |
|---|---|
| Open | 4.23 |
| High | 4.36 |
| Low | 4.15 |
| Volume | 5,319,003 |
| Market Cap | 1.192B |
| 52 Week High | 9.19 |
| 52 Week Low | 3.86 |
| P/E | -2.43 |
| F P/E | 28.60 |
| EPS | -1.78 |
| Dividend | N/A |
| Yield | N/A |
| 1 Year Target | 6.25 |
ODP 4.32 +0.70%
Office Depot posted a $1.5 billion quarterly loss and warned that it would need to seek new liquidity sources in 2009. The news sent the company's shares down 26 percent.
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ODP 4.32 +0.70%
Office Depot is planning to close nearly 10 percent of its retail stores in North America and eliminate 2,200 jobs as the U.S. recession lowers consumer demand.
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ODP 4.32 +0.70%
JPMorgran reiterated their "overweight" rating for Office Depot Monday; however, they noted that Office Depot needs to work on the company's management. The company's management experienced a rough time with the Allied acquisition, and underwent a review of its accounting practices with the SEC.
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