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smith gerry depot deckchair shifter 21Depot buys back
Vora stake. Why?

Multi-distractions divert
from core incompetence

On 28 Dec'22 activist VC HG Vora Capital took a 12% stake in ODP Corp aka Office Depot plus a board seat. Now as part of its $1Bn buyback plan ODP bought shares at a similar price cutting Vora's stake to 8%. What's going on? Is sinking ship Capt Gerry Smith shifting deck chairs to distract from its core incompetence? 

"Tomorrow's News Today,

not yesterday's news tomorrow."

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