What is the outlook of Staples (US stock symbol SPLS) now at US$11.45

Since I mentioned Staples (US stock symbol SPLS) previously a few days ago which was at US$11.18, it is now trading at US$11.45.  For those reading my post, sorry that I didn't get the time to put all the facts together to write a detail analysis.  However, I would just like to summarize that I believe Staples (SPLS) at about current price is worth a go at it.  I believe the worst is probably over.  There is no guarantee that it will not drop further, but the scope of drop is likely to be quite limited (in my view), while the potential for upside is significantly higher than dropping.