Ray Dalio (Trades, Portfolio), the founder of Bridgewater Associates, increased his stake in Staples (NASDAQ:SPLS) by 409.68% during the second quarter. He bought 2,120,111 shares of the company at an average price of $9.55 per share. Since the addition, Staples' market price has dipped an estimated 13%.
Staples was founded on May 1, 1986 in Brighton, Massachusetts. It is a large office supply chain store, with 1302 stores in the United States and 305 stores in Canada. The company also has 278 retail retail stores in Europe, with its largest concentration of stores in the United Kingdom, Germany, the Netherlands and Portugal. Staples' company vision is “We help businesses succeed.” As of Jan. 30, Staples employed 42,554 full-time employees and 32,817 part-time employees. Continue Reading »