Impact of S&P Junking Staples
I wanted to start a discussion about the impact of S&P junking Staples after Sycamore's major buyout.
I'm no finance expert, so interested in hearing others, but it sounds like Staples is no longer viewed to have such neutral-to-positive prospects in light of competition/low customer switching costs/etc. (not sure why this would entail a sharp difference from anything in the past, however).
BUT what does this mean for Sycamore??? First implication seems to be that they may have overpaid. Thoughts?