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Sell Alert: OfficeMax, Inc. (OMX)

OMX was chosen as a Top Pick for 2012 at $4.65 in Investment Digest issue 711, dated January 18, 2012.

OfficeMax, Inc. (OMX $12 NYSE) stock jumped nicely when it announced plans to merge with competitor Office Depot. While the merger makes sense in the long run, the integration of the...

OMX was chosen as a Top Pick for 2012 at $4.65 in Investment Digest issue 711, dated January 18, 2012.

OfficeMax, Inc. (OMX $12 NYSE) stock jumped nicely when it announced plans to merge with competitor Office Depot. While the merger makes sense in the long run, the integration of the two companies is likely to be more difficult than management expects, and this could hurt results in the short run. Therefore, we recommend selling OfficeMax now.”

- George Putnam, III, The Turnaround Letter, March 2013