Despite executive hype about their digital technology, Vlassis is still in a cyclical, low-margin business, and the company is saddled with enormous debt and a high dividend payout ratio that will prove unsustainable during the next recession. VCI cratered 97% during the last recession. The only question is how far will it plummet during the next.
Take a look at how many shares were awarded to the executives on Dec 10 & 11, 2012 @ $0.00 a share (269,000). They made sure they got some of the high dividend payout. Workers on the machines looking at an average $0.18 an hour merit increase this year if they are lucky. GREAT PLACE TO WORK, YEAH, IF YOU ARE AN EXECUTIVE!