Shares of office supplies distributor Staples (SPLS) fell almost 20% at one point Wednesday following the release of its second quarter results. But is the company worth so much less today than it was just two days ago? The company reduced its 2012 earnings growth estimate from high single-digits to low single-digits. Considering the company's competitive position, it now trades at a very attractive P/E of 8, which may provide for an excellent entry point for long-term investors.Read more...

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