Consolidation--The Juggernaut Hits the Wall

Size matters. "The printing industry has gotten much smaller during the past year. World Color and Big Flower are no longer publicly traded, while R.R. Donnelley has almost halved in value. As a result, the total market capitalization of the five largest printing companies has gone down by about one-half. There are just not enough equity securities available in the industry for it to be a factor in today's stock market.