Intangible Valuation
Value, contrarian, coat tail rider, idiosyncratic research

Quad/Graphics: 15%+ FCF Yield

Quad/Graphics (NYSE:QUAD), named after late founder Harry V. Quadracci, provides commercial printing and distribution services. According to Printing Impressions PI400, the company is the second largest commercial printer by revenue, second only to R.R. Donnelley & Sons (NASDAQ:RRD). After Quad/Graphics' recent acquisition of Vertis, the company is the largest commercial printer in South America.

The company also provides additional services to its clients (11% of 2012 revenue), such as providing client mailing lists or other analytical services (see footnote 1 for a complete list of services). The company has contractual relationships with some of the most well-known magazines, publishers, and brands such as National Geographic, Reader's Digest, Time Inc., Bass Pro, J.C. Penney (NYSE:JCP...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details