Burton Largest Shareholder of Cenveo

Thursday, September 22, 2011

Press release from the issuing company

Cenveo Provides Update STAMFORD, CT – Cenveo, Inc. today provided shareholders with the following update. Robert G. Burton, Sr., Chairman and Chief Executive Officer stated: "Despite recent volatility in the global market, I am pleased to report that Cenveo's operations continue to perform according to our expectations and that our business plan remains on track. Our end markets including custom labels, direct mail envelopes, specialty packaging and commercial print remain solid and our backlog in those markets remains strong as we near the end the third quarter. Our integrations efforts of EPG have progressed well to date and we remain ahead of our integration plan milestones. As I have stated before, we fully expect to generate strong free cash flow and use these funds to pay down debt and to invest in our future. Based upon these trends I remain confident that we are on track to deliver on our financial targets for 2011."

"I am also pleased to report that the Burton family is now the largest shareholder of Cenveo. We have continued to acquire shares in the open market and through our employee stock purchase plan. We plan to continue to increase our investment in the company over the foreseeable future.I look forward to further updating our investors during our third quarter results conference call on November 10, 2011."

Discussion

By Michael Jahn on Oct 05, 2011

Cenveo (NYSE:CVO) traded at a new 52-week low today of $2.64. So far today approximately 193,000 shares have been exchanged, as compared to an average 30-day volume of 367,000 shares.

In the past 52 weeks, shares of Cenveo have traded between the current low of $2.64 and a high of $6.85 and are now at $2.86. The 200-day and 50-day moving averages have moved 0.75% lower and 4.5% lower over the past week, respectively.

http://www.fnno.com/story/52-week-high-lows/331-cenveo-looks-continue-trade-below-its-annual-low-share-price-today-52-week-high-lows

By Michael Jahn on Oct 05, 2011

http://financials.morningstar.com/ratios/r.html?t=CVO&culture=en-US

I am as far away from an analyst as one can be, but looking at this - Seems they are losing money like crazy. Around 200 million loss from continuing operations last year.

I am trying to square this "...I am pleased to report that Cenveo's operations continue to perform according to our expectations.." statement with why anyone would use the word "pleased" in this press release...

Can someone help explain why things look horrible, but yet this September 22nd preess release seems like a 'good news!" messaging ?

I am at a loss here ( pun intended )

By Joel Salus on Oct 06, 2011

Michael, well, as to the positive statements Mr. Burton (Cenveo's CEO) made, there is "power" in "positive thinking." So maybe that's what that's all about. Evidently, Cenveo has a negative network (liabilities exceed assets), so one certainly wonders what's rosy in Cenveo's picture. One rosy thing for the CEO; apparently, he received around $6 million in compensation for the last fiscal year. I'd call that rosy, for sure.

Discussion

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