How much percentage has Office Max stock gained lately?
Still, Thomas said Staples has the best sales and profitability of the sector, and its takeover of Dutch office-supply company Corporate Express NV last year will help curb costs. In the next two to three years, as the broader economy improves, he sees good growth prospects for the company. He also rated Boca Raton, Fla.-based Office Depot a “Hold” and Naperville-based OfficeMax Inc. a “Buy.” The three office superstores together make up 9 percent of the U.S. retail office supplies market and 11 percent of the delivery category. Staples has the most stores, with 1,523. Office Depot has 1,227, and OfficeMax 917 locations. Office Depot stock rose 21 cents, or 4.7 percent, to $4.71 in afternoon trading, while OfficeMax gained 39 cents, or 5.8 percent, to $7.10. Staples shares gained 37 cents to $20.84. Sources: http://news.moneycentral.msn.com/ticker/article.aspx?
