What: So far, 2016 has not been a good year for office supply retailer Office Depot (NASDAQ: ODP). It’s not too hard to understand why: federal antitrust regulators succeeded in scuttling the company’s planned merger with Staples (NASDAQ: SPLS) last month.
Office Depot shares have lost 44% of their value since the beginning of the year. Virtually all of the stock’s decline came on the day after the Staples merger fell apart.