It is a bit funny to hear all the realistic and hopeful speculation on this board. Basically, based on what people in the know have shared and financials, this is a hopeless stock managed by a management team stuck in the 80s. No hope stacked on hopelessness. But as Alexander Pope said, "Hope springs eternal in the human breast...." and hope keeps CVO at $2.00 +/- 10%. No reason! No logic! Hope, pure and simple. If you have a very high risk tolerance, day trade. Buy at $1.95 and sell at $2.05. Do not kid yourself that this is value investing. As for me, I like the odds at the Blackjack table better and it is more fun. That said, hope on dudes, hope on.
Cenveo’s liquidity is unwritten by the due diligence of the Bank of America.
Bank of America, N.A. acted as administrative agent for a $360 million Term B Loan facility, through and joint lead arrangers Bank of America, N.A., Macquarie Capital (USA) Inc. and Barclays Bank PLC, along with a new $200 million asset based loan ("ABL") Credit Agreement with Bank of America, N.A., as administrative agent, and Bank of America, N.A., Wells Fargo Bank, National Association, Barclays Bank PLC and General Electric Capital Corporation as joint lead arrangers.
LOL - I suspect your opening comment about "unwritten" was meant to be "underwritten" - but somehow the error actually makes more sense in this case. As for why BofA (or any of the other banks in your list) would be held up as an example of due diligence is an incredible display of faith, if not naiveté. Sure, put your trust in the banks - it obviously worked before.... I prefer Dexter's approach and will stick with the Blackjack tables - the odds are better. ;-)