The screen searched for situations with low price/earnings ratio (below that of the market as whole), available for a below book value price, showing little or no debt, with a recent earnings record and paying dividends. The price/earnings ratio is 5.26. The stock trades at a 20% discount to its book value. Office Depot weekly price chart, 3 17 20. stockcharts.comNow selling at just under half its book value, Office Depot has a price/earnings ratio of 10.56. I would guess that these names are beginning to show up as “value stocks” on the screens done by large financial institutions such as hedge funds.

Source: Forbes March 17, 2020 23:54 UTC