As one of the world's leading office supply chains, Staples is always a stock to watch to potentially gauge the growth or lack thereof of the office professional workforce. The recent report of Staples has shown a lower than expected earnings report. This caused the stock for staple to decline 10.83% to $11.94 this morning, claiming a spot as one of today's biggest losers.
Does anybody else think it would be smart to buy lots of stock at this low of a price, knowing they MOST LIKELY will rise back up?
Jesse, I think that is a brilliant idea. It is sure to make a comeback. Staples is a "staple" in the world of office supplies, and only dipped because they overestimated their potential earnings. They paid for this, but they will be back.