Tells me time to lower the dividend and liquidate out of printing from dark ages and put money to work in the digital age. Magazine buyers and annual report readers have all moved to digital only ones left are all over 70 and dying fast.
Sentiment: Strong Sell
Yes, the plot thickens. Adding Angelson to the board certainly signals that Quad plans to do something "strategic" -- i.e. buying something big or selling out.
The E-book tapped out...they very bad scare that it gave the book makers is over.
2 years ago Microsoft bought The Nook from Barnes and Noble for 300 million. They just sold it back to B & N for one third that price,.
Folks want real books. E-book clubs are switching back to paper. There is nothing like the smell of a new book....I always knew this would happen.
Kill a tree!!! Buy a book!!!
Sentiment: Strong Buy
The 52 week high was around $25.50 almost exactly 1 yr. ago. We will soon be setting new 52 week highs. The dividend is very safe. I'm thinking the market will start to show QUAD some love eventually. It's a ways off, but I believe QUAD will rise until the dividend return is around 4%. I could see a $30 stock over next year or two.
This is much more of a widow and orphans stock. It is not a growth stock. It is a value/income stock. Enjoy.
They generate around $200 mil. in free cash flow and pay about $60 mil in dividends.
The stock is fairly closely held by insiders. They appear to be running QUAD as much for dividend income as for growth. I'm fine with that.
The recent miss on the buyout of another printer (forget the name of the company) the RR Donnelly came in a swooped up is also fine. QUAD didn't get into a bidding war. There will be other opportunities.
If the company chose to buy in shares vs. upping the dividend that would be fine by me. I also own RRD and have been pleased with that one as well.
This is an underappreciated sector. It pays solid, reliable dividends. Better than bonds. More opportunity for capital appreciation.
Buy the stock, hold it and DRIP the dividends.
You'll be fine.