- Shares in Cenveo slid lower from $3.80 in July to $2.40 now, almost in a straight decline, taking the shares into deeply oversold levels.
- We couldn’t find many reasons for that, Q2 figures were somewhat disappointing, but these were marred by a host of one-offs.
- Management is convinced they’re still on track to make full year guidance and they seem to have a reasonable case. The steep sell-off is unwarranted if these expectations materialize.
Cenveo Share Price Slide Isn’t Warranted – Cenveo, Inc. (NYSE:CVO) | Seeking Alpha