I understand Burton’s Best are required to buy CVO stock as a provision of their positions. I’m talking about normal people that can read, add, subtract, multiply and divide. The point is,
Someone is going to be left holding the bag! A bag that doesn’t smell good.
Likely Cenveo’s Vendors, Mutual and Hedge Fund Investors, Bank Stock Investors, American Citizens…Any and everyone except the Executives and Managers responsible.
I'm sure many individuals who have investments in Cenveo are not even aware of it. Their Mutual Fund Managers have some portion of their 401Ks invested in it.
"First, many in Wall Street - a community in which quality control is not prized - will sell investors anything they will buy." - Warren Buffett
"It is worth noting that few institutional money managers invest their own money along with their clients’ funds. The failure to do so frees these manager to single-mindedly pursue their firms’, rather than their clients’ best interests." - Seth Klarman