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.
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