CMPR

Cimpress N.V

Consumer


Presented:01/15/2015
Price:$70.48
Cap:$2.30B
Current Price:$81.15
Cap:$2.05B

Presented

Date01/15/2015
Price$70.48
Market Cap$2.30B
Ent Value$2.72B
P/E Ratio36.74x
Book Value$6.53
Div YieldN/A
Shares O/S32.60M
Ave Daily Vol460,000
Short Int12.24%

Current

Price$81.15
Market Cap$2.05B
Cimpress NV, formerly Vistaprint N.V., is an online provider of coordinated portfolios of customized marketing products and services to micro businesses, graphic professionals and private users worldwide. The Company offers a range of brand identity and promotional products, marketing services, and digital solutions like Web-to-print. The Company focuses on mass customization including micro business marketing products and services as well as consumer products such as invitations and announcements, greeting cards, photo books and calendars, among others. The Company’s brands, like Vistaprint and Araprint, offer customers to select the type of product they wish to design from its range of available products and services for the business, home and family markets, including paper based, non-paper based, and digital and marketing services. Moreover, its paper based products include brochures, business cards, data sheets, desk and wall calendars, envelopes and flyers, among others.

Publicly traded companies mentioned herein: Cimpress NV (CMPR), FedEx Corp (FDX), Google Inc (GOOG), Staples Inc (SPLS)

Highlights

“If you have never heard of Cimpress (CMPR), that’s because you probably know it as Vistaprint,” said the presenter. Few people realize that Vistaprint changed its name (at the parent company level), and ticker in November 2014. Other than the name change, the presenter contends that not much has changed, and the market for business cards is still in secular decline, but shares are trading at near record highs on hope surrounding the mass customization platform initiative. At ~$70, the presenter likes the risk reward on the short side, and explained his bearish play as follows:

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Idea Discussion

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