Yes, sad pics.
I would hang my head in shame had I presided over the leadership or management of these doomed companies.
PMP was and is a print company, even if it does some digital work.
No paradigm changes over the decades.
It has many kinfolk companies/competitors, printing stuff that we are just not interested in and which litter our front lawns and clog our letter boxes. Glossy colour catalogues.
How incredibly out of tune is this – cutting down trees, to produce pollution and if you are a shareholder also burning your money to boot.
Get out and give them the message by walking with your money. Well most of you have been doing just that. As if they needed louder messages.
So, when you think diversification in your portfolio you should take a good hard look at the future relevance of the pursuit of the companies you invest in.
Simply ask yourself 'Do they have a future?'
If not, look over the horizon for a better place for your hard-earned dollars.