Can Staples Earnings Change The “going sideways” Path?
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On Tuesday morning we’ll get to see earnings out of Staples, Inc. (NASDAQ: SPLS). The estimates for the office supplier from First Call are $0.47 EPS on $5.37 billion in revenues. Next quarter estimates are $4.91 billion in revenues. Estimates for fiscal Jan-2009 are $1.58 EPS on $20.88 billion in revenues.
This last acquisition offer for Corporate Express (NYSE: CXP) is also going to be a key focus as this stock has been dead money. Analysts have an average price target north of $27.00 and Staples’ 52-week trading range is $19.69 to $27.00. On last look, this had just over 15 million shares listed as being in the short interest.
Jon C. Ogg
March 1, 2008
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
