Player Avatar jvbrate (< 20) Submitted: 5/19/2008 12:05:35 PM : Underperform Start Price: $11.30 CVO Score: +118.18

This stock is highly financillay leveraged & is in a declining market from a demand standpoint. It is also lagging the industry as far as capital equipment expenditures & technology is concerned & will fall behind its major competitors in terms of technology improvements & quality is concerned.

They do a average to poor job in their purchasing area compared to competition & materials purchases represent between 20 % up to 75 % of cost of goods sold. They are not the low cost producer as they would like their shareholders & financial investors to believe.

Thye will underperform vs. competition for the forseeable future.

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Member Avatar Dillman2 (< 20) Submitted: 3/5/2009 1:13:14 PM
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Good call. Most of Cenveo's equipment is 20 years old and doesn';t address the digital communications technologies that are used today. Their Cadmus division is the the only growth sector that this company owns. The web, sheet fed and envelope divisions support markets that have chosen marketing materials other than direct mail, annual reports and car brochures. The company is stuck with obsolete hardware that does not have any value other than surplus.

Member Avatar Dillman2 (< 20) Submitted: 11/23/2009 3:22:46 PM
Recs: 0

The printing industry is in consolidation because the volume of commercial printing is disappearing.The new sales channels allow companies to deliver information / content cheaper and in a more enviromentally appropriate method using the internet instead of ink on paper. Cenveo has based it's growth on acquiring the competition and then shutting down the facilities that compete for the same business that Cenveo is prospecting for. According to Cenveo's own third quarter results, their net profit is less than .05% after EBIDA. I can't believe that anybody that knows how poorly the graphic art industry is performing would recommend this stock to the trading public.

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