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Cenveo Inc. Message Board

webmagic49 23 posts  |  Last Activity: 2 hours 9 minutes ago Member since: Feb 5, 2007
  • In a report published Wednesday, Imperial Capital analysts released their top equity ideas across various sectors with an average upside potential of 84.5 percent.

    Related Link: Focusing On Quality With This ETF In September
    Cenveo: Much Improved 2015 Expected
    According to the analysts, Cenveo, Inc. (NYSE: CVO) (Outperform rated, $3.75 price target) will deliver a "much improved" performance in 2015, as it passes integration-related issues stemming from its acquisition of National Envelope in 2013.

    Specifically, the analysts are projecting: 1) EBITDA of up to $190 million in 2015; 2) potential asset sales, which may include the divesture of its packaging business as soon as September; 3) improved margin restoration.

    Finally, the company's management team is prepared to manage its balance sheet in a "prudent manner" and create "new equity value" through de-leveraging to 5.9x in 2015 from 7.6x in 2014 while generating $64 million of overall free cash flow in 2015.

    Selling the packaging business? Really? This would sort of be like selling the left rear tire of a 4 wheeled vehicle wouldn't it? Imagine how much they could make if they sold everything? Imagine all the cost saves if they sold everything? I bet the packaging group can't wait for this to happen if it ever does. An I be that the sale is already priced into the $1.73 close.

    Here is a great cost save idea, get rid of the kids and guys like D Law and you could take about $8 Million off of the cost side. Fire all the worthless sales managers and there is another couple million and then if Sr dies, Cha-Ching.

  • Reply to

    Stock Price

    by thebandjgang Aug 10, 2015 2:43 PM
    webmagic49 webmagic49 Aug 27, 2015 4:38 PM Flag

    I think we pee'd Sr off and he and his minions jumped in and bought a bunch of shares this afternoon to show us who is boss. Wonder if David L bought some today? How about Mark G? Up to $1.65, we are flying now! It just started to rain so I have to hurry and call hubby to take in the patio cushions so later for now.

  • Reply to

    Stock Price

    by thebandjgang Aug 10, 2015 2:43 PM
    webmagic49 webmagic49 Aug 27, 2015 11:07 AM Flag

    The 10 year chart looks like an EKG of a fat greedy bulbous nose dying #$%$.

  • webmagic49 by webmagic49 Aug 27, 2015 8:46 AM Flag

    $103,850,000.00 - Market Cap (shares outstanding X Share $)
    $235,000,000.00 - What the best management team in the business paid for Commercial Envelope
    $131,150,000.00 - Difference
    $1,250,000,000.00 - Total Debt
    $12,200,000.00 - Cash in the bank (just enough to pay the executive comps)
    -$9.45 - Book value per share
    -$641,371,500.00 - Total book value

    Amazing that they are still in business with these kind of numbers. So why does Sr. continue to rake the treasury and pay himself millions and his family millions? Where is the independent B of D to step in? We know that answer!
    Sounds in the distance? That's the Crystal family laughing hysterically at these idiots.
    All the sales in the world and all the forced insider buying will not prop this thing up. So what are the options? I think the list would include but not be limited to Chap 11, sell off units, Sr dies, kids disappear, take-over by someone? If someone wanted to take over Cenveo, Cenveo would almost have to pay them to do it since the book value is a few hundred million to the negative.

    One thing is for certain, it can't go on like this forever. When will Humpty Dumpty take the great fall?

  • webmagic49 by webmagic49 Aug 25, 2015 12:51 PM Flag

    I repeat, $1.59, up from $1.57.

  • Reply to

    Stock Price

    by thebandjgang Aug 10, 2015 2:43 PM
    webmagic49 webmagic49 Aug 25, 2015 12:49 PM Flag

    You are so correct phud. All Sr's confidants are gone, last one being Hiltwein. Who could be next? One bad envelope quarter and MG is gone too. Thrown out like a gum wrapper. Come the end of 2015 and there goes another $10 Million in salaries and bonuses for the friends and family. Kettle will eventually dry up. Is Sr stll mad at the world for everyone not loading up on Cenveo stock? He feels no one sees the value, smart money realizes the game is almost over. As a self proclaimed God fearing person, he must be nervous and each day is one day closer to judgment day.

  • Reply to


    by officekid Aug 21, 2015 12:55 PM
    webmagic49 webmagic49 Aug 21, 2015 2:02 PM Flag

    What is the difference between a slide and a plunge? A plunge is when a stock goes from $26 to $1.59, in spite of the best management team in the business. Gulp says the institutional shareholders and the manager of The Capitol Grill in Greenwich...

  • Reply to

    Stock Price

    by thebandjgang Aug 10, 2015 2:43 PM
    webmagic49 webmagic49 Aug 21, 2015 11:08 AM Flag

    $1.61 per share this morning and that is so sad in so many ways. Sr., please resign and take your spawn with you. That would save about $10 Million a year in expenses. But first can all the Westvaco guys and end the low ball price strategy. Who needs sales managers anyway.

  • Reply to

    David Law / Envelope

    by dexterisright May 23, 2015 10:47 AM
    webmagic49 webmagic49 Aug 19, 2015 8:15 AM Flag

    Speaking of David, all these Westvaco guys ran Westvaco into the ground and could only sell on price, period! Now they are all running Cenveo into the ground because they can only sell on price, period! I am not sure who is detested more, Davey or Bobby!

    Wait until interest rates start going up and Sr has to service the debt load. Maybe they will be dead by then, David from lung cancer and Sr by choking on a slab of steak at Capitol Grill.

    As an employee you have to ask yourself, will we be hear in another couple of years. Shrinking market cap, horrific morale, huge corporate salaries, losses every quarter, diminishing envelope usage, etc. Doesn't look good as far as I am concerned so thank goodness for retirement right around the corner.

  • Reply to

    Friday Firings

    by uhohcenveo Aug 14, 2015 7:22 AM
    webmagic49 webmagic49 Aug 17, 2015 8:32 AM Flag

    Isn't getting rid of Waterhouse this like throwing the baby out with the bath water? The next house cleaning may just be on the envelope side of the business. If a business unit is sold it could signal the beginning of the end. Sr must be eyeing all the sales expenses and seriously considering eliminating sales positions to cut costs. No one is safe, resume updating is imperative.

  • Reply to

    How much did Sr. make in 2014?

    by webmagic49 Aug 3, 2015 1:02 PM
    webmagic49 webmagic49 Aug 11, 2015 8:46 AM Flag

    Bob made just shy of $3.8 Million, made almost double that a few years back, and when you lump in his spawn and other family members, they raped the company of about $8 Million. Think about that the next time your pay is cut, a plant is closed, benefits are slashed and they pound their heels on your chest. Think about that the next time you are scolded because you can't pack envelopes into cartons fast enough.

  • How about the kids?
    Other clan members?

  • webmagic49 webmagic49 Jul 31, 2015 1:20 PM Flag

    If all the king's donkey's and all the king's men keep buying, then all the king's donkeys and all the king's men will be broke. Unfortunately for them, if they don't buy they get fired or demoted.

  • Reply to

    Plant closings

    by playsblackjack Jul 16, 2015 10:55 AM
    webmagic49 webmagic49 Jul 26, 2015 12:28 PM Flag

    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?

  • Reply to

    Starwood gone

    by cannonjoe2 Jul 20, 2015 8:40 AM
    webmagic49 webmagic49 Jul 23, 2015 9:38 AM Flag

    Linda, call RRD and ask for a job!

    Question. If a company files for Chapter 11, are non-competes enforceable?

  • 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!

  • Reply to

    Starwood gone

    by cannonjoe2 Jul 20, 2015 8:40 AM
    webmagic49 webmagic49 Jul 21, 2015 7:44 AM Flag

    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?

  • Reply to

    Back below $2. Still going down.

    by officekid Jul 7, 2015 5:02 PM
    webmagic49 webmagic49 Jul 8, 2015 11:22 AM Flag

    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.

  • webmagic49 by webmagic49 Jul 6, 2015 8:38 AM Flag

    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?

1.73+0.04(+2.37%)Sep 2 4:03 PMEDT