CVO stock could be trading over $20 per share soon,
if Cenveo did a 1-for-10 Reverse Stock Split.
A reverse split would not change the value of a Cenveo shareholder’s investment.
I believe an "Adjusted" Stock Price would enhance current and potential shareholders understanding of our operating results and may be useful to investors in comparing our operating performance with that of our competitors and estimating our enterprise value. Similar to our use of Adjusted EBITDA, defined as earnings before interest, taxes, depreciation, amortization, integration, acquisition and other charges, stock-based compensation provision, restructuring, impairment and other charges, gain on bargain purchase, loss (gain) on early extinguishment of debt, net and (loss) income from discontinued operations, net of taxes. In addition to our uses of Non-GAAP income (loss) from continuing operations, Non-GAAP operating income, Non-GAAP operating income margin, and Adjusted free cash flow.
Although there can be no assurance that the newly established opening bid can be maintained over time.
I can't believe people believe this POS is worth anything. A reverse split? If the company has a negative net asset value, with the worst mgt. team in the business why would anyone risk $2 or $20. A pig is a pig no matter how you dress it.