Gary Bourgeault
Long only, research analyst, portfolio strategy, media

Cenveo And The Challenging Road Ahead

My last thesis concerning Cenveo Inc. (NYSE:CVO) was that it wasn't being rewarded for some of the steps it was taking to improve the company, and if the share price didn't go up, there was a very good chance the company would be taken private.

Part of that thesis came from an earnings report where the frustrated management didn't reject the possibility of going private when asked about it. Another part was the trend that is so strongly working against the print product industry it operates in. Thirdly, it is difficult to know whether or not Cenveo has found a bottom or can drop further.

Since that time, the company has completed the acquisition of former competitor, National...

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