NOPE
I've heard there will be at least 40 people getting the axe
They have pulled the rabbit out of the hat for years, guess they ran out of rabbits
. Work load is the worst I've ever seen in 22 yrs.
I got out when I finally could, dividend is nice, but I'm done with this stock
It wouldn't surprize me if the Crawfordsville division does the same. The workload is way down.
Crawfordsville's wide web pressroom is and has been out of work since mid January. With no work coming in. Scary Thought
You forgot to add the use of a FORWARD LOOKING STATEMENT. They have changed the target price twice already.
Just wondering what you have been smoking?
It sure will IF they get enough plants closed. Downsize is the name of that game. And I do understand that.
Just about all of the pressman I work for can't spell cat, even if you spot the a C and a A.
Lots of employees look on here. Most have at least a few shares. RRD doesn't tell their employees when they are closing a plant. They just lock the door and have them go somewhere (like a conference hall) to get their "package".
Greenfield won't be the only plant closing this year.
Its a shame, but rrd has to close some plants to make the bottom line look better. Got to keep the "suits" up there in Chicago in armani.
This is driving me crazy. It can't seem to get any footing.
I don't think they did
(The following was released by the rating agency)
-- U.S. printer R.R. Donnelley & Sons Co. (RRD) announced that its board of directors authorized a $1 billion share repurchase program which it intends to complete by Dec. 31, 2012.
-- We are lowering the corporate credit rating on RRD to 'BBB-' from 'BBB' and placing the ratings on CreditWatch with negative implications.
-- The negative CreditWatch listing reflects the potential for a downgrade if we determine that adjusted credit metrics will likely remain weak over the intermediate term, relative to business fundamentals.
Standard & Poor's Ratings Services said today that it lowered all its ratings on Chicago-based printer R.R. Donnelley & Sons Co., including the corporate credit rating to 'BBB-' from 'BBB'. In addition, we placed all ratings on CreditWatch with negative implications.
Its Covered.
RRD's website provides nothing . The presentations are nothing more than forward looking statements. Again, It provides nothing.
Please answer a couple of questions: Why is the stock in the toilet? Why is the company 3.9 BILLION in debt? It looks like RRD is ran like the federal government. And we all know what kind of mess they are in. Except they can just print more money.
If your trying to get me to buy more RRD stock................Thats NOT going to happen. I don't think its been at 20 for 5-7 years. You can only beat a dead horse so many times, before you realize it dead.
What bothers me most is its heavy debt load.