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DLX - Investors Slam Deluxe As Its Growth Segments Decline
Deluxe Corporation
Publications of earnings are events that are known to cause volatility in stock prices. However, the drop of 12.5% that Deluxe Corporation (DLX) faced shortly after trading commenced on the day after it reporting earnings is quite uncommon.
Deluxe stock. Source: Seeking Alpha.
I have written about Deluxe before. The company is an important player in the market of checks, which is a declining business for obvious reasons. The company knew this too and has been on a multi-year M&A spree to acquire mostly marketing-related services businesses. In my first article on