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What: Office Depot
So what: The only real OD-specific news out today is the company's move to close a distribution center in Lansing, Ill. Poor results out of Best Buy
Now what: That said, my reservations about last week's surge remain in effect today. Analysts still see little chance Office Depot will break even this year. Next year's projected $0.13-per-share profit doesn't seem to justify the shares' price, especially not with long-term growth expectations still stuck at 10%.
Fool contributor Rich Smith does not own (or short) shares of any company named above, but The Motley Fool owns shares of Best Buy.
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