M&A REPORT -- New Era of Consolidation

"Printing stocks have enjoyed a remarkable recovery over the past 18 months from an era where printing was viewed as 'old economy' and whose business was at risk from the Internet revolution," he remarks. "Wall Street has once again embraced midcap, 'old economy' value plays and this has brought money back into the sector. Printing stocks are now trading at the high end of their historical range...on average, about seven times EBITDA.