The Standard Register Company (SR)

Why anyone would put money in this dinosaur is beyond me. This stock makes me think the statement "there's a sucker born every minute" is entirely apropos.

"The Standard Register Company (Standard Register) is a provider of custom-printed documents and related services in the United States." That's right, a printing company. It's almost like investing in a typewriter/abacus company in the 1990's. The only thing that could have made the introduction any worse would be if they had admitted to printing T-Chart paper for accountants.

You know, I could have just stopped right there, red thumbed and I would have been just fine. And I probably should have.

They have no cash. Yep, you heard right, no cash (well, $322K is pretty much "no cash" for a company with $140MM market cap). They are selling at 2.9 X book. Cash flow less Cap Ex is very, very thin. Oh, did I mention they have $150MM in unfunded pension liabilities and a rather substantial inventory?

It might take 6 months, maybe a year, maybe even 2-3, but this firm is going bankrupt.

it has had stroing productivity imporvements and downsized with a strong price increases