Post by
DanielDarden123 on Nov 12, 2022 1:52pm
“A Compelling Value Proposition”
That is how the CEO described the Royal acquisition on the conference call. Clearly the emphasis has been on expanding the packaging side yet he could not pass up this opportunity on the envelope side. Given the embedded value in the legacy business already, this sounds incredible going forward. He was clear that packaging is where the forward growth should be expected and is pursuing the same presently. Cenveo, having exited Chapter 11, must be in trouble again but was not mentioned on the call. However the new business is coming from somewhere! Interesting times!
Comment by
emiltech on Nov 15, 2022 2:53pm
Annual revenues up USD 39 million with this deal. Could reach USD 47-50 million as mentioned during CC. So, additional growth between 19 % and 25 % of LTM revenues on a pro forma basis.
Comment by
Undeniable on Nov 15, 2022 5:00pm
Thanks is a very attractive stock. I see a big growth potential on this one.