Tuesday, January 28, 2014

Staples – Holding it Together, But for How Long?

Bidness Etc – INVESTMENT411
Staples, Inc. (SPLS), the world’s largest manufacturer of office supplies, opened its first store in North America in 1986, and has since expanded its operations to South America, Asia, Australia, and New Zealand. It generated over $24 billion in revenues in fiscal 2012 (FY12; ended February 2, 2013).
  Read our detailed analysis of the company at: Staples – Not Much to Go By
 Staples paid its first dividend in May 2004. Initially, dividend payments were only made on an annual basis, but the policy was changed in 2009 to allow quarterly dividend payments. The company has not only stuck religiously to the quarterly schedule since then, it has also increased dividends every year by an average 10.1%. Its stock yields over 3.5% of its current market price in dividends.

Allocation of Cash Flows

Staples’s cash flows from operations (CFOs) have declined from around $2.1 billion in FY09, to nearly $1.2 billion in the twelve months to the third quarter (3Q) of FY13 (ends February 2, 2014).
Read More : SPLSXLY

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