Office Supply News Blog June Archive blog.topic  

Is OfficeMax Stock Profitable?

By News Minder at 06/27/08 11:41

OfficeMax was reported to be at its 52 week low at 17.05. It seems strange that this company is not doing as well (reports say it has been falling for the last year) compared to Staples and Office Depot Stocks. Such similar companies should warrant similar patterns, right?

OfficeMax was also recently taken from the S&P 500 list regardless of it 4 out of 5 star rating. Despite the problems, experts say that the stocks could still be profitable for holders. To read more visit, OfficeMax (OMX) NewsBite - OfficeMax Removed From S&P 500.

Invest Now or Forever Hold Your Peace

Now's the Time for Opportunistic Greed If you have wanted to invest in something a little more substantial than your typical penny stocks, you might go for 3M, Americas leader in innovation. Or you might go for JPMorgan, the largest bank. Makes sense. Right now though, experts are saying that the office supply companies are the ones that will make it through this volatile time in the market.

Office Depot, Staples, etc., all seem to be pretty stable in the market. Now a days you don't know what you can count on but don't be afraid to invest. To read more about today's stock market dynamics visit this link, Now's the Time for Opportunistic Greed.

Corporate Express Buyout Suspends Staples Buyback

The recent purchase of Corporate Express by office supply giant Staples has put the buyback program on hold. For the next 18 months, the program is suspended so Staples can focus on paying off the debt involved in the Corporate Express deal. From the deal, staples hopes to gain more business in the corporate deliveries which was Corporate Express' specialty.

The shareholders for staples should be glad though because this deal should be an improvement for both companies. To read more about this visit, [404 Check: was link to http:/ / money. cnn. com/ news/ newsfeeds/ articles/ apwire/ ffbd8928a4cffac8602832847b26fc5b. htm, anchor: Staples to suspend share buyback program ] .

Office Max Shares at a Low Point

The OfficeMax shares have been reported at an all time low for the past 52 weeks. The shares closed out at 18.10. The OfficeMax has been moved to S&P 500.

Speculation is that the shares may have lowered in wake of Staples buyout of Corporate Express not that long ago. Staples continues to be a monster in the office supply realm. To read more visit, [404 Check: was link to http:/ / www. forbes. com/ feeds/ ap/ 2008/ 06/ 13/ ap5116164. html, anchor: Office Max shares fall on index change - Forbes.com] .

Office Depot Cuts Jobs

The Office Depot Headquarters in Delray Beach, Florida is looking to cut some of its 2000 jobs. They say that the reason for this is because of the economy in that sector. They are also trying to cut overall costs.

They are saying, however that employees will get a severance for the jobs. To read about this and Office Depot's stock market highs and lows visit Office Depot looks to trim jobs - South Florida Business Journal.