Don't waste your breath, Kid... spike is a day-trader playing mind-games that only he understands. No interest in the company past making some quick bucks by talking it up.
There are investors and there are day-traders. Sadly, the employees forced to buy into this POS fall into the first category. Good for you, Spike - I trust you're enjoying your winnings.
You are indeed lucky (if losing a bundle can ever be called lucky). I know another ex-employee who "invested" over time (due to the usual HR pressure) at an average of $2.70 a share - and hadn't got around to selling them when they parted ways. Not looking like a good investment right now. :-(
Approaching 6 times normal daily volume and it's only lunchtime. Swings of a few per cent can make some good money for those with nerves, but the poor hacks in the employee stock plan aren't typically experienced traders. Hold on to your pants, folks.
I doubt you could ever call Carb a Burton lover, at least not if you actually read his posts. He is simply drawing attention to the history of the sinking ship - both Reilly and Burton were fundamentally incompetent acquisition-addicts - which does a lot to explain the current fiasco.
"I hope you and your 3 sons saved some of the money you earned over the last ten years" - I believe the word "earned" is misplaced when applied to this clan of rogues.
What,discovered it just in time for it to die a natural death? :-)
It could be both platforms will have disappeared before long. Gosh, we may be forced to use FaceBook or something equally evil!
I suspect we all agree, Bozak - but the poor folks who work for them (and/or were forced to buy stock) are likely to suffer more than the B's ever will.
"there is no room on this board for undue speculation." With respect, Webbie - where would we be without undue speculation on boards like this? :-)
Probably not in normal circumstances - but CVO has never been normal. Who in their right minds would invest in this POS on a private basis - which would have even less "corporate oversight" than it does now (which clearly isn't working anyway).
Wow isn't a strong enough word.
"...we just ask people to deliver what they say they’re going to deliver. That’s sort of been our philosophy."
I guess the "sort of" lets the Burtons off the hook. Kinda like "adjusted EBITDA" - which is when you take a commonly recognized way of measuring performance and tweak it to your own benefit.
That might also explain the (comparative) flurry of purchases to bring the price back up - even if it's still only to $0.72. I can't imagine any other reason anybody would buy into it (other than day traders). I'd love to be a fly on the wall in CT these days.
Completely agree. A couple of shiny new presses won't fix the underlying issue - i.e. the culture. That's been broken forever and showing no signs of improvement.
This morning's press release in Label and Narrow Web magazine... no clue which facility gets the new gear, but sadly some new equipment is not the answer to CVO's problems.
"Cenveo has announced it has recently made a $3 million investment in its label printing platform with the addition of two narrow web Nilpeter FA-4* presses, two EyeC Vision inspection systems and ancillary finishing equipment. This investment follows a multi-million dollar purchase of HP Indigo digital presses in 2015. The two Nilpeter FA-4* presses will be installed in early 2016. Lightning Labels, Discount Labels and Lancer Label are among Cenveo's eight North American label printing locations. Mike Burton, Cenveo's COO, says: "We are making ongoing strategic investments in our label business to serve the growing need for high-quality prime labels in a variety of industries such as the pharmaceutical, food and beverage, health and beauty, and other consumer goods industries. We're building on our existing world-class platform to offer incomparable quality and speed to our customers."