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Author Topic: ODP Office Depot Market cap $1b Revs. $2.7b $3.99
invester
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STRONG BUY!!!!

This may be the most oversold stock I've found. $1 billion market cap, over 2.7 billion revs. last quarter alone. Full year over $10 billion. $2 in cash.


I bought the Jan 11 and Jan 12 Call leaps.

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invester
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I'm loaded on this one. I thing we see and easy $3 billion market cap by year end. $10.90 a share. If not much more.
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invester
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$4.17
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invester
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$4.04. I see this at $10 based on revs.
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invester
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Depot (NYSE:ODP) cash on hand $577.84M. Market cap $1 billion.
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invester
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$4.19
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invester
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$4.43
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invester
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$4.49
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invester
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$4.58
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invester
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WOW! Look at the Nov....Dec...Jan..Calls at $5. Exploding! The volume is unbelievable. Something’s up!
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invester
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Rather Oct...Nov...and Jan. That’s even more bullish in my book. They bought 5000+ $5 Calls in Oct. Someone is expecting a huge move in a short period of time.
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invester
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$4.63!!! Running!!
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invester
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$4.67
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invester
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Thursday Options Brief: ADBE, AVNR, PNC & ODP
by: Andrew Wilkinson September 23, 2010 | about: ADBE / AVNR / ODP / PNC Font Size: PrintEmail Recommend 0 Share this page
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Adobe Systems, Inc. (ADBE) – A put credit spread on the maker of graphic design software suggests one option strategist expects the firm’s shares are unlikely to decline much further ahead of October expiration. Adobe’s shares fell as much as 22.2% to touch down at a new 52-week low of $25.81 on Wednesday morning after the firm forecast lower than expected fourth-quarter sales. Today, shares slipped 0.15% lower to trade at $26.63 as of 11:30 am ET. The bullish player sold 2,500 puts at the November $25 strike for a premium of $0.85 each, and purchased the same number of puts at the lower November $22.5 strike at a premium of $0.30 apiece. The investor pockets a net credit of $0.55 per contract on the transaction and keeps the full amount as long as Adobe’s shares exceed $25.00 through expiration day in November. But, if shares do slide lower, the trader will accumulate losses beneath the effective breakeven price of $24.45. Maximum potential losses of $1.95 per contract amass for the credit-spreader if Adobe’s shares fall 15.5% from the current price of $26.63 to trade below $22.50 by expiration.
AVANIR Pharmaceuticals, Inc. (AVNR) – Options on the pharmaceuticals firm are active today as the company’s scheduled FDA decision date for potential approval of its drug candidate, AVP-923, on October 30, 2010, draws closer. The firm is also slated to present at the UBS 2010 Global Life Sciences Conference this afternoon. Shares are currently up 3.8% at $3.01 as of 12:50 pm ET. It looks like some investors are positioning for shares to move sharply going forward. One such strategist appears to have purchased a long straddle, buying 2,500 calls at the November $5.0 strike at a premium of $0.50 each, and picking up 2,000 in-the-money puts at the March 2011 $5.0 strike for a premium of $3.10 apiece. The transaction positions traders to benefit from increasing options implied volatility on the stock as well as from sharp moves in the price of AVNR shares in either direction. If the drug receives approval, premium on the calls will appreciate significantly along with the price of the underlying stock. But, if shares collapse investors may profit as premium on the puts grows and the value of shares shrinks. Other investors populating AVNR today picked up large numbers of put options. Perhaps these traders are hedging erosion in the price of the underlying stock should the drug candidate fail to receive approval from the FDA in October. Options implied volatility on the stock is up 13% at 175.75% as of 1:00 pm ET.
PNC Financial Services Group, Inc. (PNC) – Shares of the financial services firm rallied 2.05% to $52.33 in the first half of the trading session and inspired one options investor to take profits off the table by unraveling a debit put spread in the October contract. It looks like the formerly pessimistic player originally purchased a 4,500-lot October $55/$49 put spread at a net cost of $1.43 per contract on September 14, 2010, when PNC’s shares were trading at a volume-weighted average price of $55.68. In hindsight, the investor purchased the spread at the right time because the price of the underlying stock declined as much as 8.85% in the 9 days that followed, reaching today’s intraday low of $50.75. The trader unraveled the bearish position this morning as shares started to rebound. The investor sold the spread to receive premium of $3.03 per contract, thus booking net profits of $1.60 per contract by closing out the position.
Office Depot, Inc. (ODP) – Investors populating the provider of office supplies and services have had a change of heart since yesterday when we reported that bearish players were selling call options in the November contract. Bulls are dominating trading activity in Office Depot options today with shares trading higher by 8.6% as of 12:35 pm ET to stand at $4.66. More than 12,600 contracts, nearly all of them call options, changed hands on ODP thus far in the session. Investors hoping to see shares continue to climb picked up approximately 3,200 calls at the October $5.0 strike for an average premium of $0.13 apiece. Optimism spread to the November $5.0 strike where another 3,600 calls were scooped up at an average premium of $0.26 each. November contract call buyers are poised to profit should Office Depot’s shares rally another 12.9% to surpass the average breakeven price of $5.26 by expiration day. The sharp rally in shares coupled with rising demand for options on the stock lifted ODP’s overall reading of options implied volatility 13.2% to 63.96% by 12:40 pm ET.

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invester
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Volume is increasing into the MA.

ODP is trading above its 50 day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.

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invester
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$4.75
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invester
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$4.80
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Ripler
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Was looking into this one for a while. Scared I missed the bus now.

Just getting back into the game now, want to start off with some good decisions.
Good picks Investor!

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invester
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quote:
Originally posted by Ripler:
Was looking into this one for a while. Scared I missed the bus now.

Just getting back into the game now, want to start off with some good decisions.
Good picks Investor!

Its gapping 6% this morning. I'm not seeing any news. Anyone????
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invester
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P/M $5.11
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Ripler
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Shares of Office Depot, Inc. (NYSE:ODP) is also up 5.20% to $5.08 after rising over 5% in yesterday’s session. This morning analyst at Morgan Stanley said that Office Depot could be good buyout target as the stock looks undervalued.

http://collegestock.com/blog/104-pre-market-stock-gainers-acti-gern-odp-avp-king -pharmaceuticals/

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invester
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quote:
Originally posted by Ripler:
Shares of Office Depot, Inc. (NYSE:ODP) is also up 5.20% to $5.08 after rising over 5% in yesterday’s session. This morning analyst at Morgan Stanley said that Office Depot could be good buyout target as the stock looks undervalued.

http://collegestock.com/blog/104-pre-market-stock-gainers-acti-gern-odp-avp-king -pharmaceuticals/

They must read my posts.
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Ripler
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great minds think alike..

--------------------
Bargain Hunter

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invester
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Office Depot in Negotiations to Sell Office Depot Israel to New Hamashbir Lazarchan, Ltd.

ShareretweetEmailPrintCompanies:Office Depot, Inc. Related Quotes
Symbol Price Change
ODP 5.0200 +0.1900


{"s" : "odp","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: Office Depot, Inc. On Tuesday October 12, 2010, 6:00 pm

BOCA RATON, Fla.--(BUSINESS WIRE)-- Office Depot, Inc. (NYSE:ODP - News), a leading global provider of office products and services, announced today that it is currently in negotiations to sell its existing Office Depot (Israel) Ltd. business to New Hamashbir Lazarchan, Ltd. for proceeds of $47 million, less outstanding debt at time of closing, and the subsequent licensing of certain trade names and intellectual property rights.


Office Depot Israel (ODI) currently operates 46 stores in Israel and retail sales constitute about 90% of ODI’s consolidated sales.


About Office Depot


Every day, Office Depot is Taking Care of Business for millions of customers around the globe. For the local corner store as well as Fortune 500 companies, Office Depot provides products and services to its customers through 1,598 worldwide retail stores, a dedicated sales force, top-rated catalogs and a $4.2 billion e-commerce operation. Office Depot has annual sales of approximately $12.1 billion, and employs about 41,000 associates around the world. The Company provides more office products and services to more customers in more countries than any other company, and currently sells to customers directly or through affiliates in 53 countries.


Office Depot’s common stock is listed on the New York Stock Exchange under the symbol ODP and is included in the S&P 500 Index. Additional press information can be found at: http://mediarelations.officedepot.com.

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invester
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"Office Depot has annual sales of approximately $12.1 billion"

1 billion market cap, only 3 billion of debt. So undervalued. Ridiculous.

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invester
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Ha ha, another "late to the party" analyst on CNBC put this on there top take out target.
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invester
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Office Depot CEO Steps Down, Company Issues Unexpected Profit For Q3 (ODP)
0 minutes ago - Comtex Smartrend(r)

Related Companies
Symbol Last %Chg
ODP 4.63 0.00%

As of 4:02 PM ET 10/22/10
10/25/2010-Office Depot (NYSE:ODP) Chairman and CEO Steve Odland resigned from the firm which will be effective November 1st.

Lead Director Neil Austrian will step in as the interim chairman and CEO while the firm looks for new leadership.

Mr. Austrian said, "We thank Steve for his contributions to our Company, beginning in 2005, and through one of the toughest economic climates in memory. During his tenure, the Company grew and achieved record revenues and profits, and we have seen some improvement in margins coming out of the depths of the recession. Now that the worst of the recession is behind us and margins are improving, we believe that this is an appropriate time to seek new leadership to make the most of the platform we have in place, return to sales growth, improve financial performance and reinvigorate our franchise. We wish Steve well."

The firm also reported preliminary Q3 EPS of $0.03 (ex-items) on sales of $2.9 billion, vs. consensus estimates for a loss of $0.02 per share on revenues of $2.95 billion.

Office Depot (NYSE:ODP) has a potential upside of 35.5% based on a current price of $4.63 and an average consensus analyst price target of $6.27.

Write to Chip Brian at cbrian@tradethetrend.com

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invester
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$5.24
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invester
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Bought more calls. Over half there vale is in cash. These guys are going to get taken out.
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invester
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Calls are exploding. They'll be bought before the end of the year.
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invester
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$5.11...Broke trend. This will be $6-$7 Shortly.
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invester
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Will this also be censored? LoL


Office Depot Inc. (ODP, $5.30, +$0.46, +9.54%) shares gained as a new change in control agreement led investors to think a takeout could be imminent. The company said in a Securities and Exchange Commission filing late yesterday that it entered into new deals with three executives, including CFO Michael Newman, providing for enhanced payments and benefits to "diminish the potential distraction due to personal uncertainties and risks that inevitably arise when a change of control is threatened or pending." A Morningstar analyst noted that Office Depot is a prime takeout candidate, with private equity most likely.

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Ripler
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If it dips below 5 again im buying

--------------------
Bargain Hunter

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