Money Investor
Long/short equity

Vistaprint: The Case For Shorting The Stock Has Strengthened

A few months back, I wrote a lengthy article about Vistaprint (VPRT) and how the company was significantly overvalued and would soon be resetting the bar on its growth outlook during the summer of 2013 at its next analyst day. Since the time of that article, the stock has run almost 25% higher on absolutely zero news or catalysts:

VPRT data by YCharts

This latest run has left the stock in absolute nosebleed territory. The company previously guided for GAAP EPS for the current fiscal year (period ended 6/30/13) of $.60 - $.80. I previously noted the absurdity of the fact that the company had 3/4 of the year in the bag yet had such a wide range for its...

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