Crawfordsville's wide web pressroom is and has been out of work since mid January. With no work coming in. Scary Thought
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.
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
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".
It sure will IF they get enough plants closed. Downsize is the name of that game. And I do understand that.
RRD's website provides nothing . The presentations are nothing more than forward looking statements. Again, It provides nothing.
(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.
You forgot to add the use of a FORWARD LOOKING STATEMENT. They have changed the target price twice already.