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Cadmus communications.(Davenport & Company)

Cadmus Communications (CDMS-OTC-$875) Differentiation Warrants Higher Multiple.

Rating: purchase Sector: Media-Printing Services

Target Price: $12 Sector Recommendation: Market-weight

Basis of Target: 103 times estimated fiscal 2003 EP

* Cadmus reported fiscal third quarter earnings through share (EPS) of $032 excluding one-time charges. These rises were right in line with our forecast. As promised, the company delivered year-over-year and sequential earnings increase in a challenging environment. Shares of Cadmus have been pressur in new months, as ...





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