Cenveo, Inc http://www.alacrastore.com/company-snapshot/Cenveo_Inc-1078668 Wednesday, October 08, 2008 5:10:20 AM 1078668 Cenveo, Inc en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/newstex/PRN-0005-28597713newstex/PRN-0005-28597713xml STAMFORD, Conn., Oct. #, #### (PRNewswire-FirstCall delivered by Newstex) -- Robert G. Burton, Sr., Chairman and Chief Executive Officer of Cenveo, Inc. (NYSE: CVO), today gave shareholders the following update:(Logo: http://www.newscom.com/cgi-bin/prnh/...0900000009015000040000000401600004016048040160180401600110/7/2008 6:18:59 PM180000001800800018004000190000001900100019001007PR Newswire USPRN-0005-28597713CENVEO, INCROBERT G BURTONROBERT G BURTON JRCVONewsNewstexhttp://www.alacrastore.com/storecontent/cs/74773cs/74773norm Basic Industries Short Interest: #H September #### In the two-week period ending September ##th, short interest in the basic industry coverage universe increased #.#% to ###.# million shares.   Short interest for our chemical names...747731740YesD0Article21641125355166749438111705100113421168863113741615031011639911511666197147198204118115711481141648202966645248145corphy581416554Euro Markets Issuers42High Yield59Short Interest33Capital Structure34Companies with Convertibles10/1/2008 9:05:24 PM150In the two-week period ending September 10th, short interest in the basic industry coverage universe increased 0.1% to 339.8 million shares.74773Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/74418cs/74418norm Cenveo #Q## Tearsheet Recent acquisitions and management's industry expertise should allow the company to meet its #### EBITDA and free cash flow guidance despite U.S. slowing economic growth.Nonetheless, CVO's share price has been...74418509YesC21Tearsheet1571tearsheets/premium169/22/2008 11:05:26 AM15074418Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/bir/440577bir/440577normCenveo Inc.Richtman's Printing Co.American Envelope Co.Mail-Well, Inc.American Business Products Inc.Cadmus Communications Corp.Cadmus Mack [East Stroudsburg Pennsylvania]Port City PressCadmus Science Press Div.Cadmus Professional CommunicationsCadmus Specialty PublicationsCAD MUSCadmus Direct Marketing Inc.Cadmus Financial Distribution Inc.Cadmus Delaware Inc.Cadmus International Holdings Inc.Cadmus Investment Corp.Cadmus Marketing Group Inc.Cadmus Marketing Inc.Old TSI Inc.Cadmus Receivables Corp.Cadmus Technology Solutions Inc.CDMS Management Corp.Garamond/Pridemark Press Inc.Mack Printing Co.Phototype Color Graphics Inc.Mail-Well Inc.Valco Graphics Inc.United StatesManufacturing: Envelopes.267727522759322232323110323119217IKCVO9/5/2008 8:45:31 AM440577Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/cs/73814cs/73814norm R.R. Donnelley: Relative Value Reassessment We reassess relative value for RRD in the context of sensitivity to the U.S. economic cycle, overcapacity in commercial printing markets and event risk. In addition, we review the evolution...73814974YesC0Article12621727213520051571corp169/4/2008 11:06:26 PM150While we have remained largely bearish on R.R. Donnelley's credit in 2008, we believe the market is pricing in both event and operating risks. We consider relative value in the context of event risk, operating fundamentals and ratings.73814Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/73465cs/73465norm Valassis #Q##: Results Miss High Expectations as Customers Conserve Ad Spending We discuss Valassis' #Q## earnings miss with an emphasis on the performance of both the equity and the bonds. Additionally, we examine both secular and...734651788YesD0Article2135126217271571corphy1642High Yield68Earnings Reports - Industrials/Consumer8/20/2008 9:05:31 PM150Valassis reported 2Q08 adjusted EBITDA of $56 million, down from $63 million in the year-ago quarter and below expectations. We discuss relative value in the context of merger strategy and the U.S. economic downturn.73465Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/73183cs/73183norm Basic Industry Short Interest: #H July #### Short interest for our chemical names declined #.#%, with ## of the ## names posting a decrease.  Short interest for the metal and mining names increased #.#%, reaching a new high for the...731832225YesD0Article6753513425162164100149411270515061137216586311639409911511666157114711691181145202198645114966381648248148corphy1161455854Euro Markets Issuers42High Yield59Short Interest8/14/2008 12:05:00 AM150In the two-week period ending July 28th, short interest in the basic industry coverage universe declined 3.2% to 373.0 million shares.4173183Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/73049cs/73049norm Cenveo #Q##: Decent Earnings Clouded by Limited M&A Outlook We review #Q## earnings for CVO with an emphasis on M&A, operating fundamentals and the company's covenants. We review operational challenges currently facing the envelopes,...730491283YesD0Article2135126217271571corphy1642High Yield68Earnings Reports - Industrials/Consumer8/11/2008 9:06:27 PM150Cenveo reported 2Q08 adjusted EBITDA of $58 million, up from $51 million in the year-ago quarter and $52 million in the quarter prior.73049Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/B1895343ccbn/B1895343norm...Co. reported #Q## net sales of $###.#m, GAAP income from continuing operations of $#.#m or $#.## per diluted share, non-GAAP income from continuing operations of $##.#m or $#.## per diluted share. Expects revenue between now and year-end #### of about $#.#b or $#.#b. ... 8/7/2008 9:05:00 PMCenveo54.0000EditedCenveo Q2 2008 Earnings Conference Call SummaryCVO10:00am ETBriefB1895343Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1895343ccbn/T1895343norm...Good morning and welcome to Cenveo's second-quarter #### results conference call. In today's host will be Mr. Robert Burton, Chairman and CEO of Cenveo. This call is scheduled to last approximately one hour. Mr. Burton will speak and then the call will open up for a question-and-answer session. I will now turn the call over to Cenveo. ... 8/7/2008 4:05:00 PMCenveo54.0000FinalCenveo Q2 2008 Earnings Conference Call TranscriptCVO10:00am ETTranscriptT1895343Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/cs/72864cs/72864norm R.R. Donnelley #Q##: Financial Print and Forms Segments Weigh on Outlook We discuss R.R. Donnelley's #Q## earnings with an emphasis on operating fundamentals, shareholder enhancement and event risk. We consider M&A opportunities in...728641467YesD0Article172712621571corp1668Earnings Reports - Industrials/Consumer8/6/2008 10:04:34 PM150R.R. Donnelley reported 2Q08 adjusted EBITDA of $457 million, up slightly from $425 million in the year-ago quarter and $434 million in the quarter prior and in line with analyst expectations.72864Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27217391newstex/PRN-0005-27217391xml STAMFORD, Conn., Aug. #, #### (PRNewswire-FirstCall delivered by Newstex) -- Cenveo, Inc. (NYSE: CVO) today announced results for the three and six months ended June ##, ####.(Logo: http://www.newscom.com/cgi-bin/prnh/########/CENVEOLOGO)For...0900000009015000090110000400000004016000040160050401604804016018040160030200000002002000020020068/6/2008 5:22:14 PM180000001801600018004000PR Newswire USPRN-0005-27217391CENVEO, INCROBERT G BURTONROBERT G BURTON JRCVONewsNewstexhttp://www.alacrastore.com/storecontent/newstex/PRN-0005-27156595newstex/PRN-0005-27156595xml STAMFORD, Conn., Aug. #, #### (PRNewswire-FirstCall delivered by Newstex) -- Cenveo, Inc. announced today that it will be hosting a conference call at ##:## a.m. Eastern Time on Thursday August #th, to discuss the Company's second quarter...0400000004016000040160018/4/2008 6:16:59 PM1800000018004000190000001900100019001007PR Newswire USPRN-0005-27156595CENVEO, INCROBERT G BURTONROBERT G BURTON JRCVONewsNewstexhttp://www.alacrastore.com/storecontent/cs/71617cs/71617norm Basic Industry Short Interest: #H June #### In the two-week period ending June ##th, short interest in the basic industry coverage universe increased #.#% to ###.# million shares.  Short interest for the chemicals sector declined...716171882YesD0Article6753551631013421113810011127051168863113717064194015011639911511571118114714519764520419896616661141648248148corphy145851642High Yield54Euro Markets Issuers34Companies with Convertibles59Short Interest33Capital Structure7/15/2008 12:05:00 AM150In the two-week period ending June 25th, short interest in the basic industry coverage universe increased 0.8% to 294.9 million shares.71617Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/PRN-0005-26536368newstex/PRN-0005-26536368xml STAMFORD, Conn., Jul. #, #### (PRNewswire-FirstCall delivered by Newstex) -- Robert G. Burton, Chairman and Chief Executive Officer of Cenveo, Inc. (NYSE: CVO) announced several appointments designed to add leadership and depth to the...0900000009015000040000000401600004016048040160087/9/2008 9:18:16 AM18000000180080001800700018004000190000001900100019001007PR Newswire USPRN-0005-26536368CENVEO, INCROBERT G BURTONROBERT G BURTON JRCVONewsNewstexhttp://www.alacrastore.com/storecontent/cs/71068cs/71068norm Basic Industry Short Interest: #H June #### Short interest for the chemicals sector jumped ##.#% to approximately ###.# million shares, with ## of the ## chemical names posting increases.  In the metals & mining sector, short interest increased...710681655YesD0Article53567516112100141705134299111376151150940116338147148645157119824816481666114145966corphy1581614542High Yield54Euro Markets Issuers59Short Interest6/30/2008 12:06:23 AM150In the two-week period ending June 10th, short interest for the basic industry coverage universe increased 6.3% to 292.4 million shares.71068Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/spcred/656180spcred/656180normThe latest Full Report from S&Pglobal6/25/2008 6:23:48 PM400Full Report656180United StatesCommercial PrintingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentFull ReportEffective cost management strategy and realization of acquisition synergies Improved cash flow generation and profitability Leading competitive positions, although in fragmented markets High leverage Aggressive intermediate-term acquisition strategy Highly competitive printing segments The ratings on Stamford, Connecticut-based Cenveo Inc. reflect its high leverage and participation in highly competitive and fragmented printing markets. These factors are offset by strong improvements in recent years to the firm's profitability and cash flow generation, increased cash flow diversity as a result of acquisitions, and success in integrating and realizing synergies from recent acquisitions. Cenveo is one of the largest manufacturers in the North American envelope market and one of the largest regional commercial printers in the U.S. The company's acquisitive strategy, including the acquisitionsUSA56032115670S20201010 202010 2020 20Cenveo Inc.317699USACVOFULLUSA15671B15671F56031956032E20201060 202010 2020 20Cenveo Corp.128080USAMWLGLOBISSCORPMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/656183spcred/656183normThe latest Summary from S&Pglobal6/25/2008 6:23:48 PM175Summary656183United StatesCommercial PrintingUnited StatesGlobal IssuersCorporationsMedia & EntertainmentSummaryThe ratings on Stamford, Connecticut-based Cenveo Inc. reflect its high leverage and participation in highly competitive and fragmented printing markets. These factors are offset by strong improvements in recent years to the firm's profitability and cash flow generation, increased cash flow diversity as a result of acquisitions, and success in integrating and realizing synergies from recent acquisitions. Cenveo is one of the largest manufacturers in the North American envelope market and one of the largest regional commercial printers in the U.S. The company's acquisitive strategy, including the acquisitions during 2007 of Printegra, Cadmus Communications Corp., Madison/Graham ColorGraphics Inc., and Commercial Envelope Manufacturing Inc., contributed approximately $150 million of consolidated revenue during the first quarter of 2008 and has diversified Cenveo'sUSA56032115670S20201010 202010 2020 20Cenveo Inc.317699USACVOSUMMARYUSA15671B15671F56031956032E20201060 202010 2020 20Cenveo Corp.128080USAMWLGLOBISSCORPMediaCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/cs/70541cs/70541norm Valassis #Q##: Shared Mail Business Drives Earnings Growth We discuss Valassis' #Q## earnings with an emphasis on the company's operating fundamentals and financial condition. In addition, we consider relative value on both sides of...705411490YesD0Article2135126217271571corphy1642High Yield68Earnings Reports - Industrials/Consumer6/11/2008 9:06:40 PM150Valassis reported 1Q08 adjusted EBITDA of approximately $61 million up from roughly $40 million in the year-ago quarter.70541Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/70034cs/70034norm Cenveo #Q## Tearsheet Recent acquisitions and management's industry expertise should allow the company to meet its #### EBITDA and free cash flow guidance despite U.S. slowing economic growth.Nonetheless, CVO's share price has been...70034440YesC21Tearsheet1571tearsheets/premium166/4/2008 4:05:11 PM15070034Credit & Investment ResearchCreditSights