PI 400 -- M&A Activity - Acquisitions Yield To Slow Economy

(Source: Compass Capital Partners—"The 2001 Compass Report")

There are virtually no buyers for printing companies in December of 2001. Some buyers think about doing deals, lick their chops at their perceived ability to buy cheap, but then yawn and roll over for a nap.

Still, you ache for the Hatteras, the sun, the sea and you ask, "How did this happen? What happened to all the buyers?"