I think the Ovato assets purchase indicates the company sees a...

I think the Ovato assets purchase indicates the company sees a future with growth. There is still advertising-backed printing on a large scale in this country and IVE is fairly unique in its offering to the point where they should have pricing power. I don’t think we would be trending down in a buoyant market, there’s just a change in risk appetite generally, not helped by the appreciation in the risk free interest rate and resulting effect on valuation. There’s a fairly large group of profit making stocks that have been tarred with that brush.

I am of the opinion that the financial performance is consistent with the Ovato business integration and the current industry conditions. I’ve decided not to try and predict the macro and have faith that when sentiment turns IVE will be attractive more broadly again, in the mean time the dividend return is fairly exceptional. Fwiw I’ve been adding as recently as today.