Office Supply Depot - A Predictor For Business?
Office Supply reported earnings today. Despite having 15% fewer shares than at their peak of number of shares, their earning plummetted to 7c/share, or 10c adjusted.
Sales were up 1%, yet earnings went from 126.6 million to 18.8 million, or less than 15% of the former earnings.
That would be another one of those margin squeezes I go on about...