The ODP Corporation

Now we've got dots and there's instinct and there's muse and all that is like you said, they just work.

Many of us may remember that one of the office supply companies, I don't remember if it was Office Depot or Office Max, had a commercial where they talked about the red easy button.

You know, make it press the easy.

Staples.

Now, H.H. Gregg was down by where Gaddy's was.

you know, on Adderloop by the Office Depot that I used to work at.

And it was, I mean, it was appliances and all of that, but they were a big TV outfit.

Like, a lot of people would go there for TV.

Now, service merchandise, I'm not surprised.

Did you say H&G? I was looking at that, looking that up.

Office Depot bought it, right? I don't think Office Depot bought it,

no.

I think for, for me, um, one of the biggest lessons I l- ever learned from one of my first, uh, s- actually, he was the CEO.

I was working for an American company called Office Depot.

They owned Viking direct.

Um, and the, the American CEO came over.

Most of the Steelcase dealers had started their businesses or gotten their franchises after World War II, and by the 1990s they were ready to, to retire, but many of their children had already become doctors, lawyers, bankers, accountants, and didn't wanna be in the family business.

So it was from that that I started seeing that Steelcase furniture dealers who had sold office products were facing problems from the rise of Staples, Office Depot, and OfficeMax, which, which w- which today we all know, but back then were new concept of the superstore in office products.

Think about a Home Depot for office products.

And so they were getting crushed on pricing because manufacturers would basically give pricing based on amount bought.

It's crazy.

Jenna says she prints at Office Max or Office Depot or whatever it is.

And also, I think the library does offer that as well.

Our libraries are so great.

turns out his friend Tommy was the guy that's pretty smart.

He was working at Office Depot or OfficeMax and he probably bought the joint.

The real question you should be asking is, should I be holding dollars? And as we've discussed time and time again, holding dollars in a rapidly inflating environment where the government's constantly printing money is like having someone stealing money out of your bank drawer in your bank account without you even noticing it.

You think that you have a million dollars under the mattress, but to go back a month later and realize that it's only $950,000.