Staples

The Dividend Growth Index – August 2012 Update

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Update: For the Dividend Growth Index – sold position in Staples Inc. (SPLS) on missed earnings and low margins, and purchased a position in Johnson & Johnson (JNJ). The Office Sector Slump While stock markets are on a tear since their declines in May this year, the office supplies retail sector has not been doing so well. Sales, profits and revenues have been declining , leaving the office supply retail sector in a bind. Take the smaller player in the industry Office Depot (ODP), with a 450 million market cap, which last June closed all its Canadian retail locations. Office …

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The Dividend Growth Index – Q2 2012

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For those readers who are new to the Dividend Ninja, this is a regular series on the Dividend Growth Index (DGI). Rather than a stock picking contest, the DGI is a collaborative effort among eight dividend investors choosing three stocks each, and following these companies over the long term. For those who are already following, this is the third quarterly update for the 9 month period, since the project was launched last September. If you’re unfamiliar with the DGI, then these two introductory posts as well as my quarterly updates, will give you an excellent background to the project: Introducing …

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The Dividend Growth Index – Q4 2011

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For those readers who are new to the Dividend Ninja, I wanted to introduce you to the Dividend Growth Index (DGI). For those who are already following, this is the first quarterly update since we launched the project in September 2011. What is the Dividend Growth Index? Back in September 2011, the Dividend Guy came up with an excellent idea. Rather than his usual stock picking contest, which he did anyway, he decided to setup a dividend index created by eight dividend investors. The idea was that eight dividend investors, who happen to write dividend investing blogs, would pick three …

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Why I Bought Staples Inc.

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Back on May 18th, 2011, Staples Inc. (SPLS-Q) plummeted 15.4% to close at $16.63, from $19.65 per share, after missing earnings expectations. It did not recover its share price, and was again walloped with the massive market sell-off that occurred in early August. It closed to a low of $12.49 per share by August 10th, 2011. But with so many other big-blue chips on sale during those few days, and limited funds to invest, Staples was certainly not at the top of my buy list. There were many more other great U.S. Stocks to choose from such as Pepsi, Procter …

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