I've heard there will be at least 40 people getting the axe
Crawfordsville's wide web pressroom is and has been out of work since mid January. With no work coming in. Scary Thought
NOPE
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.
Greenfield won't be the only plant closing this year.
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".
Just about all of the pressman I work for can't spell cat, even if you spot the a C and a A.
It sure will IF they get enough plants closed. Downsize is the name of that game. And I do understand that.
Just wondering what you have been smoking?
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.
Its Covered.
I don't think they did
This is driving me crazy. It can't seem to get any footing.
You forgot to add the use of a FORWARD LOOKING STATEMENT. They have changed the target price twice already.
It wouldn't surprize me if the Crawfordsville division does the same. The workload is way down.