Market Cap is $32 Million. Cash has dried up! Will they have to borrow money to pay dad, the kids, the other off the radar relatives and the yes men/yes woman that sit on the board? Imagine having to borrow money on your credit card to pay the kids allowance. See you later Burtons!
I still think it is a good idea for am MBA student at UCONN to do a history of Cenveo as it relates to acquisitions, sr management income, make up of the BOD and finally the historical share price. My guess is that that student would be marched off campus! And don't forget to throw in the hiring of Coach Pasqualoni and Burton's tirade and threat to withdraw his donations, LOL. Then throw in the Banta letters for good measure.
Sounds like a familiar story our new fantastic, beautiful, excellent President and sons. He and his family are also on there way to the Federal Penitentiary 😂
Nice bounce the last few days, up about $1. Volume not bad either, I wonder who is buying?
PrintingWikiLeaks8 hours ago ========== WEEKLY CENVEO DEATH WATCH ========== for Fri 18 Aug 2017 $00.469 = stock price (in pre-reverse-split historical terms) $43.34M = 30-trading-day avg mkt cap ================================================= On 02 May 2007, CVO traded for $26.50-per-share and its market cap was $1.41 billion. On 18 Aug 2017, CVO traded for $0.469-per-share and its market cap was $32.18 million. Adjusting for 18% inflation since 2007, Team Burton has lost 99.999998% of shareholder value. Cenveo's directors and officers are sure to have their pants (and dress) sued off. 2014: Investigation of "breaches of fiduciary duty by members of the board of directors of the Company." http://www.businesswire.com/news/home/20140411005506/en/SHAREHOLDER-ALERT-Law-Firm-Levi-Korsinsky-LLP 2017: The Cenveo Titanic sinks under the waves -- Read 'em and weep! http://www.PrintingWikiLeaks.com/xlsx/Cenveo-Historical-Stock-Prices.pdf
SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Cenveo Inc. Regarding Possible Breaches of Fiduciary Duty
Levi & Korsinsky, LLP is investigating Cenveo Inc. (NYSE: CVO) in connection with possible claims of breaches of fiduciary duty
Bob and his sons should have their own reality (non-reality) TV show. The show should be called, 'Bankruptcy with the Burtons.'
Bob,. if you look at the performance of the best management team in the business, of which you're the boss over your tenure, you should be ashamed. If you worked for you, you'd fire yourself and the kids.
Who remembers the song, "Down down down down down down down down, we are going down down down down...
My guess is and this is despite Robert J Burton, Sr's gout condition, he is still ordering is steak, lobster and scotch regularly and everything is being expensed and paid for by the company despite having only $700,000.00 cash in the bank. Mental illness will tell him that he is still doing a great job and his kids will rally around daddy as long as the big pay checks keep rolling in. With cash flow in the tank, will they have to borrow more money to pay themselves? Or is that off the radar screen?
It's just about where I bought it in 2002 and sold it all in 2007 @ $24. Maybe it's a buy again 😂😂. PS I was one of the people on the team that selected the company's new name it has Latin Roots looking into the future. The future turned out to be 💩💩💩😂
These guys are so far removed from reality that it is incredible. I k if if this was the company I work for heads would be rolling. How can you even be to rationalize a $55mm reduction in revenue and say you did not lose any customers and it was because the current customers did not choose to print. They obviously don't know how to business plan and they claim that this was a surprise. Again, if we were this far off business plan no matter what the excuses heads would roll. I feel sorry for the employees as there will now be some drastic actions in reductions or plant closings to try to show they are doing something. also, Nat just lost another few million so I assume he is not happy. Only a matter of time before he ousts the Burton family!
On 02 May 2007, Cenveo's market cap was $1.42B. (53.67M shares x $26.50-per-share) On 03 Aug 2017, Cenveo's market cap was $33.0M. ( 8.55M shares x $ 3.86-per-share) Adjusting for inflation, Team Burton lost 99.999998% while banking $80M+ -- Way to go, guys!
The Burton Family will drain this company dry for their personal gain until they can no longer do so. They have control and until someone or something stops them they will continue pull out all they can. That's just the facts people. Since 2005 The Burton Family has pulled 80 Million out of this company. They will keep this going as long as they can .. There is no turnaround for CVO . It will never happen, Print and Envelope is and will continue to decline as an industry. One can only hope that they get ousted , walk with their 100 million and by miracle the company somehow turns around into some type of sustainable entity. Only In good old America can you get away with such thievery with Zero consequences. Outrageous .
Pow, Bam- CVO took another hit today.Minus 4.66% 3.68 per share.Swing Traders should jump in anytime now.
Market Cap is an embarrassing $33 Million. Sr and his brain truss paid $235 Million for Commercial Envelope not o mention all the other acquisitions. You deserve the firing squad! Yo may be the biggest idiot I know!
I think that both the FBI and the SEC should investigate the executive compensation of Cenveo. Wouldn't hurt to take a peak. Not all thieves pull a stocking over their head and carry a gun. Millions being sucked out while the share price tanks. Begs to ask, what will they spin off, who will get laid off and what plants will they close?
I hear that the best management team in the business is loosing very large blocks of business because they are very nervous about exposure to Cenveo. Clients should probably be focusing on the supply chain. Is anyone getting paid on time?
Do people actually invest I need this company?
Results are not surprising. Interesting read here at this link, looks like Allianz is considering plans on ousting Bob:
After Cenveo starts receiving Dear Bob notices from the Nasdaq, where oh where does Cenveo go then? I heard the Tehran Stock Exchange might be willing to take Cenveo on.
========== WEEKLY CENVEO DEATH WATCH ========== for Fri 04 Aug 2017 $00.483 = stock price (in pre-reverse-split historical terms) $50.71M = 30-trading-day avg mkt cap ================================================ In May 2007, CVO traded for $26.50-per-share and its market cap was $1.41 billion. In Aug 2017, CVO is trading for $0.483-per-share and its market cap is $33 million. Adjusting the 2007 figures for inflation, Team Burton has lost 99.999998% of shareholder value. http://www.PrintingWikiLeaks.com/xlsx/Cenveo-Historical-Stock-Prices.pdf