Can Staples Recover After Recent News?
With shares of Staples (NASDAQ:SPLS) trading around $14, is Staples an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:
T = Trends for a Stock’s Movement
Staples is an office products company that operates in three business segments: North American Stores & Online, North American Commercial, and International Operations. The company serves businesses of all sizes and consumers around the world. Business products and services are essential to consumers and producers for day to day operations. So long as companies and consumers continue to transact and interact, business opportunities will arise. Look for companies like Staples to see rising profits as consumers and businesses continue to grow across the globe.
Staples delivered a earnings and revenues that were short of Wall Street’s expectations. The revenue miss is a not a good sign to shareholders who seek high growth out of the company.