7. Office supply retailer Office Depot ( ODP), whose shares have lost 33% this year, has struggled to compete with larger rival Staples ( SPLS) as corporate clients cut costs. After suffering losses in eight of the past nine quarters, Office Depot swung to a third-quarter profit of $64 million, or 18 cents a share, from a loss of $398 million, or $1.51, a year earlier. However, excluding one-time gains, earning were 3 cents a share. Revenue declined 4.3%. Office Depot has $678 million of cash and $731 million of debt.

Outlook: Although Office Depot has stabilized, analysts are pessimistic about the stock's near-term performance. Of those evaluating the company, three rate its stock "buy", 13 rate it "hold" and three rate it "sell." A median target of $5.75 suggests the stock could rise 32% during the next 12 months. Sanford Bernstein is bullish, predicting that the stock will nearly double. Barclays ( BCS) and Goldman Sachs expects the shares to hit $5. Another reason for investors to pause: Office Depot stock is trading at 63 times its 12-month earnings projections, making it expensive.

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