Robert: Our friend, UK super-investor Nathu Puri, continues to increase his Cenveo holdings. He now owns 910,591 of Cenveo's 8,553,167 shares, for a total of 10.64%. Does this feel like preparation for a hostile takeover, or what?
Remember that if Sr dies before any take over or change of control the company saves a lot of money. His change of control exit package is as sickening as his annual income. On of the Cenveo insiders was rumored to say that he doesn't even go into the of anymore. Is that true?
Robert: Puri was a major shareholder in Cadmus and doubtless made a lot of $$$ in that (way overpriced) acquisition. But he has also doubtless lost a lot more -- I will report on his holdings and the stock prices at the time. Dunno how Cenveo would help the 'paper' side of Purico's business, since Cenveo merely consumes paper.
Robert: N.B. that Puri has made SUCCESSFUL acquisitions, in CONTRAST to Burton and Reilly. There is NO empirical evidence that either Burton or Reilly EVER made ANY profitable acquisitions, though there must have been a few -- bottom line is that together they lost $1.26 BILLION (in March 2017 dollars). http://www.PrintingWikiLeaks.com/emails/How-to-bankrupt-Cenveo.htm
How to bankrupt Cenveo
Carb... Thanks for the link to the Purico site out at PrintingWikiLeaks.com. Everyone out there that has an interest in a possible takeover of CVO should read the "about" the company info. on the site. Look for case studies and read about the companies and some of the products they produce. A couple of items jumped out at me. Two big items that go into printing would be paper and the ability to lay down ink on that paper. Guess what: Purico is the worlds largest manufacturer of paper used in tea bags and coffee filters. They also manufacture badges and decals for VW in Germany. It is not a stretch to see the synergies that come from rolling CVO into Purico.
ROBERT: Over the past three years, Team Burton has lost 60%+ of our friend Nathu Puri's Cenveo investment (costing him $5 million+) -- that might be the motive for running his holdings up from 6%+ to 10%+ as preparation for a hostile takeover. Puri is a self-made Indian immigrant gazillionaire and he is a very, very big deal in the UK. I'll plan on doing a Tweet/e-mail memo about Puri over the Memorial Day weekend. www.PrintingWikiLeaks.com/emails/Cenveo-Emails.htm
Robert: At the time of the Annual Meeting on 27 Apr, Puri only owned 550,000 shares, or 6.4% of the company. At the Annual Meeting, Allianz/15.0% + Rotation/14.4% + Puri/6.4% + Brigade/5.6% owned a total of 41.4$. Now, Allianz/15.0% + Rotation/14.4% + Puri/10.57% + Brigade/5.6% own a total of 45.57 -- which is not far from the magical number of 50% + 1. https://www.sec.gov/Archives/edgar/data/920321/000092032117000024/a2017proxystatement.htm
X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks May-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0 In other words, the correlation coefficient of the other stocks is