Humpty Dumpty is about to have another great fall. Will all of the kings horses and all the kings men be able to put Humpty Dumpty back together again? No, ha ha ha ha ha ha!
Suffer you gout laden greed bucket!
Now it is all about Robert saving face. How can this be accomplished? I would imagine they are probably shopping the company but pure speculation on my part.
1.) I can see private equity coming in and buying for pennies on the dollar. Remember that PE likes to offset some of their large gains with acquisitions such as Cenveo. They will split the company, saddle one of the new divisions with all the debt and then spin off some assets and pocket the cash over a 2 or 3 year period of time. Bob will then turn this into a buyout because of the way he and the best management team in the business built an awesome company. Case study is National Envelope. Is Gors Group circling the carcass?
2.) Another scenario is that they go public so they can bury all the finances.
3.) Chapter 11 is not out of the question. He will obviously blame everything and all things not tied to his decisions.
4.) Outright buyout. Who could be so stupid?
5.) Chapter 7. Unlikely since they tend to be cash flow positive. Let's see how successful they are in refinancing the LT Debt.
6.) Bob dies, kids run for the hills and try to cover up the embarrassment.
If I bought Cenveo, I would change its name to Gout, Inc and clean house.
First day in the 70's in a while. Considering a long walk at lunch, so nice outside for once.
You vote strike, the plant closes! JMHO. Sr hates unions, they exert too much control he don't like dat.
200 First Stamford Place
Stamford, CT 06902
United States - Map
I suggest we picket at the next shareholder's meeting. Signs should read: My Three Sons, UCONN President surrounds herself with..., We Want Corporate Governance at CVO, Who Deserves Millions in Pay as CVO Looses Millions Per Year, Define Adjusted EBITDA, Astronomical Goodwill, Where is our BOD When You Need Them, I Am A Vendor, Please Pay Me, etc.
I am sure the kids will be speed dialing their brokers as well as pop speeding his. I would imagine they will be adding to their positions at $.50 and then send the note out to all the minions to buy buy buy, or else. I think this will rebound but under false hope. Even if this slug slowly climbed to $1.00 or $1.50, a double and triple from here, the fundamentals still don't change and most likely can't.
Look at it this way. If Blob won the recent Powerball and was the sole winner, he still couldn't pay off all the debt. If the Cash payout of $955 Million was taken lump sum and yielded $575 Million after taxes, he would still owe $600 Million in debt. Point being, I hope his strategy is not to win the lottery because that won't help.
$.50, ha ha ha ha ha ha ha ha ! Karma baby karma!
I wonder if the First Lady of Cenveo knows what in tarnations her husband has done to this company? If so, is she embarrassed to go to the club and to shop around Greenwich? She should be! How about the wives of his spawn? Any shame to be found anywhere?
We need to gather all our resources and buy this thing to keep it floating. I sense a coup!
Market Cap is under $30 Million. Ha ha ha ha ha ha ha. Common shares holders are taking a bath. Even the Burtons must be feeling it since they are probably getting close to being underwater with their shares, free shares included.
I hate to say it but I was right again. Now sitting at $.4824 per share. Do I hear $.30's?
Investors are running for the door! Let's see who continues to be on Robert J. Burton, Sr's side after the flood gate of sellers opens even more. If anyone at the UCONN Business Department is monitoring this board (and they may be since their university president is part of the nepotism), time for a case study in corporate greed, lack of governance, nepotism, and under-qualified leadership.
Bob, ha ha ha ha ha ha. I but you want to drink this away but you need to make a hard decision. Scotch or gout!
We may see this drop into the $.40's today. Now it becomes a self fulfilling prophecy. Who will be the first manager or VP to say Mr. Burton, I can no longer afford to buy any company stock. My wife isn't talking to me and my bills are piling up. Sir, you have lost me thousands and thousands of dollars and I am effectively working for nothing. Er er er I didn't mean it that way sir, I didn't mean to call you nothing.
Then good ole Sr calls one of his spawn and tells them that they need to let Manager XYZ go. Once gone, he is then pushed around like a piece of garbage by their corporate shylock in Philadelphia because they want to make a living. I bet gout sucks! Let's hope so!
Tic toc tic toc tic toc.
I know one thing. If I was a middle line manager or a VP and I was forced to buy shares, I would sell all now at the risk of loosing my job. Question to ponder. Is Blobs ego so big that he may over pay for this POS to say he moved the share price higher even though it may cost him millions to do so? If so, and once private, all the sins can be swept under the carpet.
What rhymes with gout? Rout, spout, pout, and tout. Used in a sentence, Humpty has a bout with gout as to not pout as he continues to tout about the best management team in the business in spite of the rout.
All that coerced buying by Humpty's minions means nothing. And it will mean a lot less if this goes private, not to mention Chapter 11. Can anyone confirm the rumors and speculation that they are COD with some of their paper suppliers. If it is not true, there is no room on this board for undue speculation.
First off, thoughts and prayers to everyone in the north east that braved the blizzard. It looks like you folks will be getting some warmer temps this week.
I would like to offer some help to the man who needs it the most. Robert J. Burton, Sr. The help I am going to offer relates to the up and coming earnings(loss) call this coming May. Here are a few buzz words that you may want to consider: epic storm, unprecedented snowfall, blizzard of great proportion, resulting plant shutdowns due to monster snow accumulations, etc. Feel free to use any of all of the above Sr.
And the two most hated words in Stamford are??? Debt and gout, LOL.
Due to the global economic climate, our stock price has tanked, even though we really don't have any global reach, LOL.
Now there is another excuse brewing. It is called a Northeaster storm. I see the north east coast is going to get hammered. Thank God. Excuses are becoming harder to concoct. Let's hope for a major hurricane in Q3, LOL.
even with all the minion and forced management buying. Debt covenants by bond holders, unless restructured, will most likely not allow certain survival moves like going public or reverse stock splits. Can you say troooooooouble. I hope they get what they deserve for all the pain and suffering they inflict on their so called valuable employees, ex-employees and retirees.