When a company such as CVO conducts a reverse share split, it is usually because shares have fallen to a lower per-share pricepoint than the company would like. This can be important because, for example, certain types of mutual funds might have a limit governing which stocks they may buy, based upon per-share price. The $5 and $10 pricepoints tend to be important in this regard. Stock exchanges also tend to look at per-share price, setting a lower limit for listing eligibility. So when a company does a reverse split, it is looking mathematically at the market capitalization before and after the reverse split takes place, and concluding that if the market capitilization remains stable, the reduced share count should result in a higher price per share.

Looking at the CVO split history from start to finish, an original position size of 1000 shares would have turned into 125 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into CVO shares, starting with a $10,000 purchase of CVO, presented on a split-history-adjusted basis factoring in the complete CVO split history.

About CVO

Cenveo is a holding company. Through its subsidiaries, Co. is engaged in the manufacturing of print-related products. Co.'s portfolio of products includes envelope converting, commercial printing, and label manufacturing. Co.'s segments include: Evelope, which provides direct mail products used for customer solicitations and transactional envelopes used for billing and remittance by end users; Print, which provides a range of print offerings to its customers including electronic prepress, and digital asset archiving; and Label, which produces a line of custom labels for a range of industries including manufacturing, warehousing, packaging, food and beverage, and health and beauty. According to our CVO split history records, CVO has had 1 split.

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