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Courier Corporation Message Board

  • greendog03 greendog03 Jan 18, 2011 9:12 AM Flag

    Not sure what to make of the results

    Missed estimates, raised the lower end of guidance, stock holders equity down again. In my experience never seen stock appreciation when stock holders equity goes down every quarter. Now the dividend needs to be cut - the earnings just don't support it especially in the printing industry. ANd the digital media does put a crimp in earnings growth - I'm sure media will continue to be printed in a paper form and maybe they'll find a way to create Digital media in forms that the market will response to which they currently do in the college text market. STock now seems more speculative than anytime in its history and i would like to see the dividend cut so stock holders equity would start being created again. Its hard to invest in something where the actual value of the company continues to be paid out to shareholders in the form of dividends

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    • They'll probably make this year's guidance, in all likelyhood they already have the orders. The problem is all the debt that has to be paid now. The market is only going to continue to get worse in this area of printing as book sales decline. If you were a college student, would you prefer to pack around 50lbs of paper books vs a laptop, or an even smaller book viewer? Granted, books for college are hardly the primary products at Courier, but it is a significant share. As students order less hard copies, the orders that go to Courier are going to continue to decline in both number and volume. Management has let some idiots talk them into something they shouldn't have done. - JMHO

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