Margolis Becker

PARAMUS, NJ—JULY 20, 2007—The Soderstrom Society of NAPL (www.napl.org), trade association for excellence in graphic communications management, has named Joseph A. Becker, CPA, recipient of the 47th annual Walter E. Soderstrom Award. One of the graphic communications industry’s most prestigious honors, the award will be presented to Becker at the annual dinner meeting of NAPL’s Walter E. Soderstrom Society, at the Art Institute of Chicago, on Saturday, Sept. 8, 2007, the eve of GRAPH EXPO®. This year, the Soderstrom Society Dinner will also mark the beginning of a year-long celebration of NAPL’s 75th Anniversary (see related July 20, 2007, NAPL press release.) In

PHILADELPHIA—Childhood friends and former printing industry CPA competitors Stuart Margolis and Bart Krupnick have decided to consolidate their efforts in the form of a merger between H.R. Margolis Co. and Becker & Co.The new firm, MargolisBecker, will maintain its current locations; H.R. Margolis in Philadelphia and Becker in Washington, DC. Leadership of the new company…

HAVE YOU heard of the term “Enterprise Value”? Without discussing all of the details and exceptions, enterprise value is a measure of how a buyer determines the value of a printing company in its entirety—and is computed as a multiple of EBITDA. This article discusses the valuation process of a printing company in a logical order as follows: 1. What is EBITDA? 2. Your company is worth enterprise value, and enterprise value is computed as a multiple of EBITDA. 3. How does one maximize enterprise value, which obviously increases the value of your company? EBITDA is an acronym for earnings before interest, taxes, depreciation

Cenveo Plans Cost Savings ENGLEWOOD, CO—Cenveo announced a comprehensive plan to reduce operating expenses and streamline management functions, a plan that includes the elimination of about 125 jobs—mostly managerial positions. Through these moves, the company expects to save $9 million in 2005 and generate annual savings of $20 million. After having his May 6 formal proposal to take over Cenveo rejected, veteran print executive Robert Burton of Burton Capital Management informed the troubled printer that he will seek a special meeting of shareholders with the intention of removing the existing board members and replacing them with a slate that will "affirmatively act in the best

I don't understand why one day is a great day and the next day has to be a disaster. This happened to me on September 13th and 14th. It's tough on my psyche to go from euphoria to—boom—the pits in the space of 24 hours. Saturday, the 13th, was perfect. There was a great sale at K-Mart. I now have 24 large cans of Maxwell House French Roast coffee, 108 rolls of Viva paper towels and 108 rolls of Scott toilet tissue. As you know, these are some of my favorite brands. It's not the bargains that thrilled me; it's the stockpiling I'm after. I

Each year in our printing industry we go through a little ritual akin to the rites of spring. It's called the PIA Ratios Studies. Printing Industries of America collects General Ledger Accounting Data from the prior calendar year from printing firms as a "survey." PIA commissions the H.R. Margolis Co. (Certified Public Accountants) to compile and analyze the data submitted, and then prepare reports for publication. For 2001, some 900 printers submitted their results in the "survey." Survey firms reporting the top 25 percent of "Net Profits" are called the "Profit Leaders." Ronnie H. Davis Ph.D, chief economist of PIA, calls the remaining 75