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Dheeraj Namburu's avatar

Thanks for sharing this idea! The valuation is compelling, but it’s been stuck in this range for a while. Has management actually talked about any plans to unlock value, like buybacks, dividends, or selling the real estate? I’m worried that without those, my money could be tied up indefinitely, especially if FCF keeps shrinking.

The $8 million printing press write-off doesn’t inspire confidence. Do you think that was a one-off mistake, or is poor capital allocation a recurring issue? And what’s their strategy for the future? Are they pivoting to digital, or just doubling down on print in a declining industry?

Also, do you think the controlling shareholders have any incentive to prioritize minority investors? It feels like they could just keep burning cash on questionable decisions. The margin of safety is there, but I’m not sure if the upside outweighs these risks. Curious to hear your take.

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