Think about the closing possibilities by region. Three envelope plants in central and western PA, the one replaced the horrific Scottsdale Plant that NEC had. There was a big fanfare about the new and improved replacement plant for Scottsdale and by all accounts it was a waste of money. The clock is ticking, keep buying stock Humpty! Watch the buyers come in this week and next as Humpty tightens the quarterly screws on his managers to buy shares. Is anyone on the BOD watching? Buying on the open market? Why is the Chairman of the Board and the CEO the same guy?
Should be an interesting few days. How will the announcement go? Will the hammer fall at some locations? Who will take the fall at corporate? Sales managers and VP's need to keep a box handy to carry out their stuff. In the end, Blob will still enjoy his cowboy ribeye and his spirit choice of the day rewarding himself and his spawn for a job well done (cough cough). Some things won't change like free shares for Sr and his children, family bonuses, forced buying by the minions, plant consolidations, cut backs, no 401K improvements, horrible benefits, etc.
Stock price is sitting at $1.66, yikes!
Will Blob be sending out a note to all employees not to use any Starwood hotels? Maybe he will force all employees who have used Starwood Hotel's to give their frequent stay points to the company. Can he turn that into cash? Read the story of Humpty Dumpty and who does it remind you of? Share price, loss of a major client(s), weak sales, inefficient plants, and on and on. Folks, this may be the beginning of the you know what!
What will be the next plant to shutter the windows? Who will be the next VP of sales to get the axe?
All those poor managers that were "forced" to buy over the past few weeks are now regretting their decision, and loyalty I suppose. Sell now, oh wait they can't LOL.
by Levi and Korinsky. They mentioned this months ago and it takes time to build a case, assuming there is one that would pay out. In my opinion, this would be a text book case study for such. I would like to see a UCONN MBA student do an investigative thesis on Cenveo, Burton Capital Management and its ties to UCONN and their president who sits on the Cenveo BOD just to connect all the dots. The master thesis should be titled, Waaaaaa, I Want My Money Back.
Wonder what the spin will be if the soft market hit the top and bottom line in Q2 and Q3. Sales managers heads will roll for sure. Bob, low pricing doesn't nearly solve this mess. As yourself how many people just refuse to continue to give you business from a ethics point of view. I will leave you on this note, debt load and rising interest rates.
How did it go? Sorry I couldn't make it but I figured I could drink water and eat bread at home with out all the traveling. I heard Bob has a nice place. What plant manager was made to cut the grass?
What could it be? Tell us please. My guess is horrible prelim numbers from all sectors. Envelope prices tanked to keep the plants running. Next out the door, the current managers that will be held responsible. No excuses! Won't look to good in July either. Plant closings? What location would be next? Nervous times for sure! Will there be a company picnic? I heard they are serving the left over bones from Bob's bone-in ribeye from the Capital Grill.
Share price tanking until next quarter's bonuses are paid and the insider buying continues. Humpty Dumpty will have a great fall. Most envelope plants are screaming for work and the price drop in the market place carries a take anything at any price mentality. Q2 nimbers are going to suffer and the financial markets know this. I predict it closes at or near $1.80 this week. Who will be the next senior manager to get canned?
Spin being developed as we speak. Boys, get in here... Make sure you tell everyone who asks that Statler was terminated.
Who will be next? Most likely a VP manager from the envelope division. Statler was a good guy but most have finally had enough. Guys like this don't leave without taking people and clients. Maybe not right away but in a few weeks.
How many shares does D Law own? How many plant managers are forced to bump orders from good accounts for his low margin garbage? Answer is most every one.
Does anyone remember a few years ago when David was getting baked on this chat board and he blew his cover and stuck up for himself demanding an apology? That was so funny. If for nothing else, it showed that he was active on this message board. Is he still lurking in the wings?
Plants are sucking wind, little work to run and it looks like pants are being dropped regarding pricing. Bob needs full plants and higher prices, ain't happening in my view. Second quarter may need a staff reduction to cut overhead. Who is the next one to be led through the door of shame?
Market Cap - $134.16 Million, paid $235 Million to the Crystals for Commercial Envelope
Profit Margin - -4.3%
Cash on Hand - $14 Million
Revenue - $1.95 Billion
Cash to Revenue Ratio - .007
Total Debt - $1.23 Billion
These are solid numbers!
Blob, what do you say to the shareholders that are way way way underwater on this pipedream yet you and your spawn rob the piggy bank by taking huge salaries and compensation packages? My guess would be that you think you earned it for steering the Titanic through troubled waters yet it's your ice machine spewing out the icebergs. I smell under 2 bucks and it stinks. Best management team in the business you say? I couldn't imagine where the share price would be with the worst management team in the business! Who can detect the sarcasm?
And one more question, when will the CEO and the COB positions be split up like most publicly traded companies? My guess would be when you promote one of your spawn to fill that position. You would obviously need a puppet on strings for that. I can't wait for retirement, mine and yours.