Staples: Tough Day Can Lead to a Good Year

Office supply giant Staples (SPLS) disappointed with its latest quarterly results. Shares that had been $17.30 as recently as Aug. 13 plunged 15.3% to close Wednesday at $14.27. Everyone on CNBC, including Real Money's own retailing specialist Brian Sozzi was quick to point out multiple reasons why the drop was predictable.

It's easy to be brilliant after results are reported. I didn't hear many Sell recommendations prior to the dip.  Regardless, management only lowered fiscal year 2013 guidance from $1.30 to $1.35 to $1.21 to $1.25 (FYs end near Jan. 31 of the following year.) ...316 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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