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tclifford
01-15-2008, 08:56 PM
Anyone notice the price of Quebecor World today?? Now its trading at .50 cents USD. They had 6 billion dollars USD in sales last year and a market cap today (http://finance.yahoo.com/q?s=IQW)of 66 million. Yikes. Thoughts?

Rob Robinson
01-15-2008, 11:11 PM
Wow... are the rumors true RR Donnelley may buy it?

Rob Robinson
01-15-2008, 11:17 PM
"Quebecor World lost about 90 percent of its value in the past year after an attempt to revive profit by selling its European business fell through, and it canceled a refinancing plan. Wes Lucas quit as chief executive officer in December.

Fewer Readers

Quebecor, which prints magazines, newspapers, books, bibles, maps and calendars, has suffered as readers and advertisers increasingly turn to the Internet."

bloomberg.com news

tclifford
01-16-2008, 06:35 PM
More Bad news... (http://www.reportonbusiness.com/servlet/story/RTGAM.20080115.wquebecor0115/BNStory/Business/?page=rss&id=RTGAM.20080115.wquebecor0115)

.20 cents a share...yikes

mark_jetzer
01-16-2008, 06:42 PM
How the mighty have fallen.

We just contracted with QueNet to produce art/pages/photos for a number of catalogs. Wonder what kind of wrench this is going to be?

thashimoto
01-16-2008, 08:52 PM
QueNet is different from rest of QWs.
I was in QW commercial direct group for many years.

QueNet is good shape, I believe.

mark_jetzer
01-17-2008, 12:25 PM
QueNet is different from rest of QWs.
I was in QW commercial direct group for many years.

QueNet is good shape, I believe.

Our catalog group will happy to hear that. QueNet gives us the best PDFs to dump into Prinergy. Really like working with them.

tclifford
01-21-2008, 05:59 PM
things getting worse...

Q (http://biz.yahoo.com/iw/080121/0350784.html)uebecor World files for creditor protection (http://biz.yahoo.com/iw/080121/0350784.html)

thashimoto
01-21-2008, 06:04 PM
ya, I know.

I feel very bad for the people who lost their 401k money for QW stock option.
I too lost over $20k.