as many on this board suggest. And as a shareholder, I have no reason to disagree based on the stock's performance over recent years. Then why hasn't an investment group or competitor acquired controling interest, replaced the board of directors, purged management and turned the company around.
As a semi-retired senior manager (not Moore), I could not agree more than to say good people are the #1 asset of any company. This means at all levels, from floor maintenance to Chairman. People need to be involved in the business, respected for their input and vision, and appreciated. Successful business is a team effort, not a place for select individuals to focus on enhancing personal wealth. That should be a by-product of success, not a goal.
Seems like for a few million $ the right group could have the chance of a lifetime. In spite of the high negatives evident, Moore still generates significent revenue. There is value in a "Name".
Mr rhodehiss...I can tell you are a wise and compassionate man. Within your wisdom, I think you know the answers to your own questions. In my opinion, probably many would love for an investor to come in and take the business over. However, my question is...what would the investor(s) get for their $$$? I'm sure if you want to know why or why not an investor would purchase this company...a phone call to such might reveal the answer. Someone on this board told us... a couple of years ago...Moore paid big $$$ to an outside firm to look at the internal structure of company. This was a great idea, but whatever happened to the written report? Maybe the report only confirmed what some employees expressed.
To Whtsthefutofforms...the decline of business forms began in the late '70's. This is nothing new. The decline has levelled off. There is still money in printing of forms. Oh yes, I'm told that in the near future, we will all own vehicles that will be capable of flying around in space...but, I don't think I'm going to run out today and sale my car.
In my opinion, it will be the companies that are diverse...have up to date equipment and technology. Will look to the states who have the highest consumption for printing. (yes, I can tell you where the top ten states are.) A company will have to be diverse...a full service operation. From state of the art designers...seasoned printers and complete finishing department...etc.
Oh..and MY RESEARCH indicates that there is a shortaged of press and collator operators. Takes four years for a press operator and collator to be considered seasoned.
As to Donelly...I consider them to be a 5 star operation. Check-out their web page. Their management skills are outstanding. They know that the backbone to their success is in the plants...operating and producing the product... Machinery which is up to date with technology. Graphic Arts/CTP/Digital/Finishing.
Like I said before...Moore is a STRONG company. They can turn it around, but it will take major changes...and staying focused.
What is the old saying? Too many chiefs and not enough indians.
.... like Atari, DeLorean, Apple (smirk). Who else could we had to the "where are they now" made for TV saga? Names are good but captains (and immediate crew) with vision are what will guide the sinking ships to shore.