ODP: A Value Play With Catalysts

jetcityimage The ODP Corporation (NASDAQ:ODP) is a very cheap stock based on most key metrics. ODP trades at 9x consensus FY 2024 EPS and at a forward EV/ EBITDA multiple of just 4.3x. While there are many stocks trading at cheap valuations, particularly in the retail sector, ODP stands out as having a number of catalysts that I believe have the potential to send shares higher. Key catalysts include the recently released open letter from AREX Capital Management, an aggressive share repurchase program, a ...