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Tah Tah Tah TIME FOR THE SQUEEZE!! +$$
Don't be one of the bag holders!
Could b an oportunity at Open
I will watch close
That census contract looks big until you compare it to their total revenue. Then you realize it's probably not enough to move the needle.
$1 billion in debt
Who knows but CVO ran out of nowhere this afternoon. Congrats to those who were in it before it took off.
Still holding from last run, still very cheap imo
Yep. Somebody knows something. Always does.
Hope She rund a few days
Post and pre market fun next...
1.50 :) ... Power hourrr
There is another awarded gov contract for $130,816 from the DOT that has not been released yet! https://goo.gl/275Q9m
Its already way to cheap...look for news real soon.
Do you still have hopes for the beverage play.
3rd time is the charm............funny.
of course..:) 3rd time is the charm.. previously it failed to put a bullish close.. now will set up.. slowly but surely
She is runnin....
Interesting. Get a lot of tourists there?
I'm about ten minutes from Boot Hill in Tombstone
Wow. Really surprised this went back down so much today, but wouldn't be surprised to see some buying come back in before eod.
bad q .. gimme a break!! this was trading in the 6.00 rage few months ago.. that more then 13% down side vs fins
The Company generated net sales of $1.01 billion for the nine months ended September 30, 2017, compared to $1.16 billion for the same period last year, a decline of 13.1%.
https://finviz.com/quote.ashx?t=CVO
hehe.. right?.. I speed test this.. goes from 0 to 200 miles per hour faster then a Maserati ..lol
1b revenue, and only trading at a dollar.. Now a govt contract reaffirming they are industry leaders... Steal of a deal!
Annual revenue is approx. $1.5B; a $61M contract, spread out over 2 years, could be considered insignificant to EPS.
WOW huge news Federal contract for 61mil no way this doesn’t take off tomorrow will be looking for a position GLTA $$$
$CVO
Still a billion dollar sales in 2016, some big numbers in Q and it was trading at dollar...now massive govt contract. On watch for tmrw.
Yep a coordinated release. Still a nice contract though.
AFTER RELEASING $61M CONTRACT, THEY RELEASE TERRIBLE QUARTER EPS. HOPEFULLY THE GOOD NEWS HAS MORE EFFECT THAN THE BAD BY TOMORROW
$CVO Cenveo Awarded 2020 U.S. Census Printing and Mailing Contract
STAMFORD, Conn., Nov. 8, 2017 /PRNewswire/ -- Cenveo, Inc. (NASDAQ: CVO), a global leader in digital manufacturing and fulfillment of envelopes, labels, print and related communication resources, has been awarded the 2020 Census Printing and Mailing Contract from the U.S. Census Bureau. The two-year $61 million contract is one of the largest contracts for printing and mailing ever awarded by the U.S. Government Publishing Office.
"Cenveo's award of the 2020 U.S. Census is a reflection of our core capabilities and expertise, manufacturing and fulfillment," said Robert G. Burton, Sr., Cenveo's Chairman and Chief Executive Officer. "We are well-positioned to execute and manage all aspects of this program successfully and with the level of quality and security expected. We are honored to be a part of this program that will achieve a lasting impact to the future of our country."
The contract will involve the manufacturing and fulfillment of 1.6 billion pieces, including letters, envelopes, inserts, questionnaires and postcards. The majority of the work will be performed at Cenveo's printing and binding facilities located in Southern California (Los Angeles) locations and other work performed across the United States.
"The U.S. Census is a massive manufacturing and fulfillment program that requires the utmost degree of precision and operational planning," said Michael Burton, Chief Operating Officer of Cenveo. "We are excited and committed to partner with the U.S. Census team and confident in our ability to deliver this program."
Visit www.census.gov to learn more about the 2020 U.S. Census Printing and Mailing Contract.
Cenveo (NASDAQ: CVO), world headquartered in Stamford, Connecticut, is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, envelopes, commercial print, content management and publisher solutions. The company provides a one-stop offering through services ranging from design and content management to fulfillment and distribution. With a worldwide distribution platform, we pride ourselves on delivering quality solutions and service every day to our customers. For more information please visit us at www.cenveo.com.
https://www.prnewswire.com/news-releases/cenveo-awarded-2020-us-census-printing-and-mailing-contract-300552138.html
She's sure got a good head of steam ah.
60 million contract from govt, doesn't get better than that.. Cmon shorts, take it down already.
It really is huge news. Should be rockin' here for a while.
That's huge news! Hopefully get some shorts to dip it AH
It will probably settle back down some after the initial spike, but tomorrow may be a great day here.
Wowza is right sometimes it's all about timing...GL.
Cenveo Awarded 2020 U.S. Census Printing and Mailing Contract
Wowzer!! Check out the alert above.
What news? This thing taking off A/h. Selling half here GL.
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STAMFORD, Conn., Aug. 16, 2018 /PRNewswire/ -- Cenveo, Inc. (OTCPK: CVOVQ) (the "Company"), a diversified manufacturer of print-related products including envelopes, custom labels, commercial print, and publisher solutions, today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its plan of reorganization (the "Plan"), paving the way for the Company to emerge from Chapter 11 in the coming weeks.
The terms of the Plan will enable the Company to exit Chapter 11 with a substantially deleveraged balance sheet and increased liquidity, allowing the Company to focus on its operations and grow its businesses. Prior to filing for Chapter 11, the Company's liabilities included approximately $1.1 billion in funded debt. Upon emergence, the Company's funded debt will be reduced by over $800 million to approximately $325 million.
The Company commenced solicitation of votes for approval of its Plan earlier this summer and Cenveo's Plan was approved by an overwhelming majority of its entire creditor body. Approximately 97% of Cenveo's first lien secured noteholders (the "First Lien Holders"), 100% of its second lien noteholders, including the largest holder, Brigade Capital Management, and approximately 91% of general unsecured creditors all voted to approve Cenveo's Plan. These numbers represent overwhelming support from Cenveo's creditors for the Plan.
The Plan was the result of the Company's global settlement with its various creditor groups and the Unsecured Creditors' Committee, including the Pension Benefit Guaranty Corporation, certain unions, and the indenture trustee for the unsecured noteholders.
Upon its emergence from Chapter 11, the Company will be privately held with its largest shareholders comprised of institutional investors with tens of billions of dollars of capital under management. Additionally, the Company has entered into a commitment for a $175 million asset based revolving credit facility and is expected to only have approximately $68 million used upon emergence creating $65 million of liquidity when coupled with the expected cash on hand on the emergence date.
The Company was advised by Kirkland & Ellis LLP as legal counsel, and Greenhill & Co., Rothschild Inc. and Zolfo Cooper, LLC as investment bankers and financial advisors.
Cenveo (OTCPK: CVOVQ), world headquartered in Stamford, Connecticut, is a leading global provider of print and related resources, offering world-class solutions in the areas of custom labels, envelopes, commercial print, content management and publisher solutions. The Company provides a one-stop offering through services ranging from design and content management to fulfillment and distribution. With a worldwide distribution platform, we pride ourselves on delivering quality solutions and service every day to our customers. For more information please visit us at www.cenveo.com.
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