Peter Hodson
Cenveo Inc
CVO-Q
TOP PICK
May 10, 2005
Bob Burton who turned Moore Corp around and who forced Creo to be sold, has taken a 9% position and will slice and dice. He has great institutional support. $1.7 billion in sales and is horribly run. Too many manufacturing plants and too many perks and high salaries for management.
(A Top Pick May 10/05. Up 6%.) Still likes, but nothing at all will happen until mid September. There is a proxy fight with the vote on Sept 14th. If it loses you don't want to be around, but he's convinced it's going to win.