Thursday, June 9, 2011

Today's M^3 - SPLS (Staples) Down 27% for the Month

Today's Major Market Move post (M^3 for you math oriented folks) focuses on Staples Inc (SPLS). Their stock price is down over 27% for the month:

Take notice of how Office Depot (ODP) was the 2nd worst performer over the same time frame. Apparently more consolidation is needed in the office products space, even after Office Depot closed 126 stores at the end of 2008.

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