Vistaprint: Strategy Change And Integration Costs Of Acquisitions Obscure True FCF Potential Of The Dominant Player In Its Niche
- After a cursory examination of basic value metrics VPRT doesn't look that attractive.
- Vistaprint is run by a highly motivated owner operator who is also a skilled capital allocator.
- Vistaprint enjoys the competitive advantage of being the low cost producer within its target market.
- When reviewing various scenarios for future growth the stock is clearly attractively valued.