There’s Nothing to Celebrate in Staples, Inc. (SPLS)’s New Venture

Perhaps this will just be a test run to see how it plays out without too much of an impact, but I expect we’ll see a writedown of inventory at some point related to all this summer picnic fare that investors won’t find themselves celebrating.

Reed Hastings has defied conventional wisdom throughout his career, and Netflix’s move into not only streaming content but original programming is an example of getting outside of one’s comfort zone. With the television landscape changing quickly, new entrants like Netflix and Amazon.com, Inc. (NASDAQ:AMZN) are poised to disrupt traditional networks.

The article There’s Nothing to Celebrate in Staples’ New Venture originally appeared on Fool.com.

Fool contributor Rich Duprey owns shares of Cisco Systems. The Motley Fool recommends Amazon.com, Cisco Systems, Google, and Netflix. The Motley Fool owns shares of Amazon.com, Google, Netflix, and Staples.

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