Found Xpress Holdings (Xpress) lying in the 52 week low rubbish bin (one of the usual places that I begin my search for cheap stocks).
Xpress does print media. It prints everything from companies' reports, IPO prospectuses, commercial publications, yearbooks and more.
It is a dying industry.
We are living in a world where people are relying less on hardcopies and more softcopies. Being environmentally friendly is also the new norm.
And it shows.
Below is the year on year revenue picture for Xpress.
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Dire situation isn't it? Xpress certainly needs to reinvent itself.In 2013, Xpress launched 8->8 Biz Butler concept to tap on ecommerce demand. 8->8 means 8 am to 8 pm daily. The centres will offer full range of print-management and personalised business services + lifestyle merchandise to cater to the busy executives.
Good on paper but remains to be seen if it can ...
