Office Supply News Blog July Archive blog.topic  

Outlook Changes to Negative for Office Depot

By News Minder at 07/03/08 09:24

Moody's Investors Service recently changed the status for Office Depot from "Stable" to "Negative." For stockholders, this could be a sign to sell as the prediction for the next 12 to 18 months is not much better. I personally have stock in Office Depot and am thinking about selling.

They say what caused this is the poor macroeconomic environment. This is due to the current state of the economy. To read more visit, Moody's gives Office Depot a negative outlook .