Business Services Industry
Richmond, Va.-Based Printing, Graphics Company Explains Low Stock.
Knight Ridder/Tribune Business News, November, 1999 by Rayner, Bob
Knight Ridder/Tribune Business News
Nov. 19 -- Executives of Cadmus Communications Corp. had some explaining to do.
The Richmond printing and graphics company has been wheeling and dealing. And its stock price has been reeling.
"We have made wrenching changes with extraordinary speed," C. Stephenson Gillispie Jr., Cadmus chairman and chief executive, said yesterday at the company's annual meeting. "Some people ... are still struggling to understand these actions."
In the past year, Cadmus sold or closed several operations, including financial communications, direct marketing, custom publishing, point of purchase marketing and the Richmond office of its advertising agency. At the same time, it bought a large printer of journals and...
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