Staples (SPLS) Might be Worth $20 Per Share to Private Equity
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Price: $14.51 +1.54%
Overall Analyst Rating:
NEUTRAL (
Up)
Dividend Yield: 3.6%
EPS Growth %: +12.2%
Overall Analyst Rating:
NEUTRAL (
Up)Dividend Yield: 3.6%
EPS Growth %: +12.2%
Trade SPLS Now!
The weak state of the U.S. economy has hurt small businesses, and as a result Staples (Nasdaq: SPLS) revenue growth has slowed and its stock has slumped. According to reports, the low valuation is attracting attention from private equity firms.
A private equity firm betting on a turnaround might be able to buy the company for as little as $16 per share, say reports. Some analysts think this would be a steal, and the company might be able to fetch as much as $20 per share. A present, the stock trades at just under $12 per share, so the upside for investors willing to gamble on a deal is fairly significant.
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A private equity firm betting on a turnaround might be able to buy the company for as little as $16 per share, say reports. Some analysts think this would be a steal, and the company might be able to fetch as much as $20 per share. A present, the stock trades at just under $12 per share, so the upside for investors willing to gamble on a deal is fairly significant.
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