This is the second in a series on large cap companies available on sale. Staples (NASDAQ:SPLS) is a well-known office products company. It's no secret that making Staples competitive in today's world isn't as easy as pushing a button. Competition is fierce, especially from the likes of Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT). The revenue and earnings picture for Staples looks bleak. Staples trades at a PE of 16.36 versus 18.5 for the S&P 500 (NYSEARCA:SPY) and offers a dividend of 2.96%. SPLS is not a high dividend paying bond replacement like some other companies we wrote about in this series. It's a turn-around play. If they fail to stem the bleeding, "outlook not so good" as the magic 8 ball would say. But their balance sheet buys them some time. The merger with Office Depot (NASDAQ:ODP) may be just the catalyst needed to help them reposition for the future. But to invest in this Staple's turn around, one might consider taking a closer look at ODP. Read more