Saturday, March 29, 2014
Well, I say this because I recently had to reorder checks and the cost of my reorder – for 300 pages (of 3 checks on a page) was around $90.00. A page of three checks, size-wise, is a bit less than an 8 ½ x 11 sheet of paper. If I subtract the cost of the box and UPS charges, the cost of the checks came to, say, around $80.00. Divide $80.00 by 300 (sheets), and you arrive at the math that each printed sheet cost approximately $0.267.
Compare that to what you get – per page – for printing a spec book. !!!%#$%&!!!
Deluxe Corporation, I think, is the largest U.S. printer of checks. Last year (2013) Deluxe (NYSE: DLX) reported sales of $1.584 billion and pre-tax income of $186.65 million, around 11.7% pre-tax. Not bad, huh.
CEO Lee Schram pulled down a bit more than $3.1 million in compensation last year (per Reuters.com).
Posted by Joel Salus at 7:31 AM