So the Wall St. Journal reports Staples is trying to sell itself to a private equity firm. This is how the remaining worm d---s are trying to maximize their stock holdings. Basically they are trying to s--- the last breath out of what the have "f" ed up.
Here is the thing though; What brain dead investment company would buy the DOG. That dog has fleas and worse.
Is anyone else thinking this whole story was just a ploy to get the stock price up some? I haven't heard anything from corporate, where I am, and they are keeping FM far away from this venture if it is true. Maybe Shira wised up.
It's too early in the discussions to be even talking about something that came out of Boston. Talk to me when they sign on the dotted line and have an agreement.
It's being sold to a private firm to be broken up and sold in individual parts, since STAPLES is so large this firm could maximize profits by scraping the appendages STAPLES has aquired over 25yrs. What does this mean? Surely to maximize profits for shareholders before jumping ship. This is nothing new, nothing we haven't seen before or nothing we all didn't already see happening, STAPLES has been a sinking ship for year's now and you could only bail long enough to keep afloat.