Compass Report--The State of M&A

Some of the public printing companies' performances, however, have caused Wall Street to turn green at the smell of ink. A few others have the brokers' analysts gagging in the Street. These companies have shot themselves in the foot and in the words of one insider, "We shot ourselves in both feet." The underperformance has been manifest in failures to make earnings projections, announcements of slow internal growth, the NASDAQ delisting of one company, defections of headquarters and plant leadership, and operational problems.