(an interoffice email)

>
> Office Depot (ODP): Announced today that it sees erosion of sales and
> earnings in the 4th quarter of 2007 due to housing problems, especially in
> FL and CA. These two states account for 28% of ODP’s North American sales.
>

First actual weak report for December I’ve seen, though housing related sales have been down for quite a while and at least so far been ‘replaced’ by rising exports.

♥