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News Breaks
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November 18, 2009
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| 13:03 EDT |  | VPRT |
| theflyonthewall.com: | Two firms still bullish on VistaPrint as shares slip | | The Investigative Report issued by a U.S. Senate committee seems to have triggered new worries among investors about the referral fees that VistaPrint (VPRT) receives from its membership programs, but the report doesn't really contain any new information, according to a William Blair analyst. The committee has been conducting its investigation for a significant amount of time, and it has been obvious that the Senators were concerned about the industry's membership program, the analyst explains. In addition, the analyst points out that VistaPrint and other e-commerce companies that partner with membership program operators are not the main target of the Senate investigation. Finally, the firm believes that the elimination of the membership fees would only reduce VistaPrint's EPS by 10c-15c per year. William Blair maintains an Outperform rating on the stock. Meanwhile, a Cowen analyst visited VistaPrint's manufacturing plant in Canada, and was impressed with its scale and efficiency. Cowen reports that the company is doubling the facility's footprint, and adds that its apparel products are performing well. Cowen also reported that VistaPrint recently installed an advanced conveyance system that should increase the plant's efficiency. Cowen maintains an Outperform rating on the stock. In early afternoon trading, VistaPrint fell $3.50, or 6.43%, to $50.96. :theflyonthewall.com |
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January 30, 2012
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| 11:21 EDT | | VPRT |
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