VistaPrint - Government Business Model
Being a customer of VistaPrint (NASDAQ: VPRT) I get their email specials.
Well, it seems VistaPrint decided to take a page out of the U.S. Governments playbook and make a business model out of it. They keep offering a ton of stuff at discounted prices (e.g. like the gov't stimulus for cars and houses). At first I bought a few items, then maybe an item a month later. Today, everything goes right to email trash bin.
I recommend if you own this stock to SELL THIS STOCK! Their emails are coming more often, with stuff now being given away for free - just a nominal shipping charge. They can not be making much money and with a $2.1 billion market cap and a P/E already over 30, IMO are overpriced until they get down to about a P/E of 12 (assuming its because they aren't going broke).
I wish CAPS allowed you to take a SUPER risk and double down on one or two stocks, because this is one stock I'm sure in the next six months is going to tank.