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Office Depot Falls Behind

By News Minder at 07/25/08 12:41

The office supply company, Office Depot, is not getting good reviews from customers. Apparently the customer service is at a minimum and it is not a shopper friendly atmosphere.

The company really isn't doing great in the market either. Although it is ranked number two just under Staples, the forecast is not a bright one. The office supply sector has really taken a hit with the poor economy so the company better up its game to compete. For more analysis visit, Office supply sector may see more consolidation, analysts say.

Outlook Changes to Negative for Office Depot

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 .