Penny stock Office Depot (NYSE: ODP) beat analysts estimates when the company reported a $12 million profit for the fourth quarter of 2011 after losing $109 million in the year-ago quarter before the market opened today. The annual profit of $60 million represents a major turnaround for the Boca Raton company, which ...
NYSE traded penny stock Office Depot (NYSE: ODP) announced prior to market open a major reinvestment into their company by commencing a cash tender offer to purchase up to $250 million of its outstanding 6.25% Senior Notes due 2013. ODP, a leading global provider of office supplies and services that helps customers save time, is an open target to be taken over by its biggest competitor, ...
