Deluxe stock slowly crawling out of crater

Deluxe Corporation's stock is slowly crawling out of the crater created July 31, when the company missed Wall Street's expectations for the second quarter and lowered its guidance for the year, sending the stock crashing 26 percent. Shares of the Shoreview-based check printer and small-business forms and services firm hit a 52-week trading low of $14 a share, far from its $40.86 per share high in October. "We are disappointed with our revenue performance in the quarter and certainly are not immune to the challenging economic conditions," CEO Lee Schram told investors recently. "Despite these conditions, we remain optimistic about the continued transformation of Deluxe." Possibly investors do, too. While total revenue fell 8 percent during the quarter, Deluxe's stock price is creeping back. It rose $1 on Tuesday and closed at... [read full story]