Office products retailer Staples, Inc. (SPLS, Financial) reported disappointing second quarter results. Subsequently, analysts lowered Staples' future revenue and earnings estimates based on the belief that Staples' problems are ongoing, a view which we do not share. We believe Staples' stock offers a compelling return given the company's plan to reduce operating expenses and restructure its business lines.
From Diamond Hill Capital's Third Quarter Small-Mid Cap Fund Commentary.
From Diamond Hill Capital's Third Quarter Small-Mid Cap Fund Commentary.
