Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of office supplies retailer Office Depot
So what: Between the recent departure of CEO Steve Odland and perpetual margin pressure from industry king Staples
Now what: I wouldn't be so quick to jump on today's speculation-fueled surge. Office Depot lacks the underlying fundamentals to keep a place in most Foolish portfolios, so buying today would simply be a speculative bet. It might end up paying off, but without any real competitive advantage in the space, the downside seems too big to even take a chance.
Interested in more info on Office Depot? Add it to your watchlist.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Staples and Costco are Motley Fool Stock Advisor selections. Costco is also an Inside Value pick, as is Wal-Mart. Wal-Mart is a Global Gains choice. The Fool owns shares of Costco and Wal-Mart. Try any of our Foolish newsletter services free for 30 days.
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