Manhattan Printers Waiting for Good News
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Still, Blum predicts Insignia/ ESG will land the printers an attractive package.
"I believe what we'll see happen is some companies moving out of Manhattan and some merger and acquisition activity," he says.
"Some will wind up shutting down. There's a lot of people, including us, running old equipment. To move this stuff doesn't make sense and to buy new equipment may not make sense, either, because the capital investment is so huge."
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