Is Office Depot Dying? — Market Mad House

Office Depot Inc. (NASDAQ: ODP) interests me because its stock is cheap. In fact, Mr. Market paid $1.40 a share for Office Depot on 23 March 2020.

Yet Office Depot is entering some interesting and potentially lucrative new businesses. For example, Office Depot is conducting background checks for the U.S Census Bureau.

The Census Bureau needs to hire 500,000 temporary workers for the 2020 U.S. Census. Office Depot is using biometric technology from Telos Identity Management Systems to conduct the checks, Biometric Update reports.