No love for CSV, page-54

Just found this on Motley Fool:

According to the release the company’s EBITDA margin has been impacted by a number of factors. These include a decline in its print service margin as a result of low volume and price, unfavourable changes in business mix to low margin services, and extra investment in its cost base to meet its longer-term growth aspirations.
In light of this I’m reasonably sceptical that the company will achieve what is expected of it for the full year and so I’m not surprised to see its shares drop today.
Especially considering management expects EBITDA of just $14 million to $16 million in the first half of FY 2017. It is going to have to produce something special in the second half to reach its revised forecasts.
Because of this I would stay clear of the company for the time being, at least until its half year update in February.