The big run-up in shares of the office-supply retailer may be over. The stock declined after a Goldman Sachs analyst said it’s fairly valued. Since the beginning of July, OfficeMax shares had nearly doubled. The company has implemented a cost-cutting plan amid slumping sales. Its loss narrowed in the second quarter, even as sales fell 17 percent. Analyst Matthew J. Fassler said OfficeMax executives have guided the company through the recession well.
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