American Greetings
As we mentioned before, American Greetings (NYSE:AM) — the greeting card company founded by a Polish immigrant in 1906 — has languished for a decade, fighting a losing battle to stay relevant in the digital age.
In the world of e-cards, Facebook (NASDAQ:FB) and LOLCats, the future ain’t exactly bright for printed-on-paper, delivered-by-snail-mail greeting cards.
AM’s sales have slumped 17% over the last decade, and though the stock has seen something of a renaissance in 2012, the company’s $17 share price is well off its halcyon $40-$50 days in 1998.
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