'Smudger' Smith's sinking
ship holed below waterline
Office Depot/Max, continued to sink in Q1'19. Core sales are plunging, disguised by acquisitions; the toxic takeover of Compucom; and failure of its dodgy services strategy. We analyse CEO Gerry 'Smudger' Smith's hollow hype and misleading Q&A session. Will Alibaba come to the rescue?