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Office Depot- A Hidden Catalyst for Investors!Office Depot Inc. is one of the leading players catering to various office requirements such as technology, vital office supplies, print and document services, furniture and school provisions. With an approximate of 49,000 employees, owing to business revenue of $14 Billion per year, the company operates in over 59 countries with about 1800 retail stores. The company operates under wholly owned businesses, franchisees, partnership alliances and licenses. Headquartered in Boca Raton in Florida, it was first opened at Fort Lauderdale, Florida in the year 1986.
Office Depot is a publicly owned organization whose shares are sold and listed on the NASDAQ stock exchange. The company ranks at the 46th position in the Specialty Retail Industry List. It operates under several banners such as, OfficeMax, Grand & Toy and Viking. Some of its signature product brands comprise TUL, Foray, Brenton Studio, Ativa, Work Pro, RealSpace and HighMark.
Market Value
Office Depot has had a phenomenal growth rate since its conception. Today the company has a market share of $4.65 Billion with Market Capital value of $3.4 Billion. Their total sales as of 2016 are $14. 48 Billion, with a yearly (2015) turnover of $115 million as recorded by a financial report from the company’s press release. The Company recorded a total profit margin of 23.4% in the year 2015 and is listed on the 1792nd position on Forbes List and in the 618th position in terms of sales. The shares of the company has risen by 39% in the last six months compared to other retail stores such as Zacks and their strength is evidenced in their VGM scoring of “A” rating.
History of Office Depot
Even though Office depot has a dramatic journey of growth, their inception was rather humble yet, fascinating. It was established in the year 1986 and went public in the year 1988. The company was led by an ambitious team of executives who targeted major US markets in order to expand their business and the efforts of those plans as is evident today is its dramatic success. By the time the company entered into the year of 1990 the Company had made a glorious entry into 27 states with 173 stores. The strength of the company was in its collaborations with the right companies at the right time. In the year 1990 the company merged with OfficeClub which made them the largest office retail provider in the North American region.
The company’s growth saw no bounds with its 1992 acquisition of H. Q Office International Inc. and made entry into key markets such as Canada, Columbia and Israel. It has been a success in the e-Commerce business with over 30 international online websites. The Company’s acquisitions has helped to strengthen its market position and resulted in the success of its business operations. Moreover, alone in 2014, total worldwide sales of the company amounted to $3.1 Billion.
Investing into Office Depot
The Company has developed an easy method to buy common shares directly through ODP Direct, which is suitable for both current shareholders as well as those seeking to invest into the company. The minimum initial purchase would amount to $250 after which shares can be bought once every week. After you have been registered as a holder, you can buy as low as $25 to $100,000 every year. The company accepts cheque payments or through bank transactions.
You can also sell shares directly through ODP Direct. Shareholders will get a credit of total and fractional shares and their shares will be totally invested in the common stock of Office Depot. The ODP Direct Prospectus can be retrieved from Mellon Investor Services which is the Company’s Transfer Agent. So what is holding you back? Make a deal today and be a part of a leading retail business!
Office Depot Ground Lease Property or Office Depot NNN Property for Sale:
