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MOD-PACP: Typical Scenario of Ineffective Management
Posted by: Jae Jun (IP Logged)
Date: February 3, 2012 11:45AM
MOD-PAC is a high value-added, on-demand print services firm that is focused on the design and manufacture of folding cartons. It also has a personalized print product line.
The term folding cartons is the box packaging used for cereals and any other product with box based packaging with printed designs.
Personalized print is customized printing for such things as letterheads, business cards, posters, invitations and cards.
Why is it Cheap? / Is it Cheap?
ConclusionBecame interested in the business after reading that it was spinoff, but from the looks of the company, the parent was the one with hidden value.
Operates as a niche player in a competitive industry with ineffective management. Company is not positioned to grow and does not have the firepower needed to generate growth.
Easy one to throw in the pass pile.
Stocks Discussed: MPAC,
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