Axiom's Victor Anthony downgraded Cimpress NV (NASDAQ: CMPR) from Hold to Sell with a price target of $84.00.
The analyst had four main reasons for believing the current stock price did not reflect the full prospects of the company's decelerating growth:
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- Forecasted slowing growth of the Vistraprint brand
- Margin compression in FY2017 resulting from increasing advertising expenses, "wind-down of the Staples relationship" and investment in China.
- Slowing of share repurchases which has been a "key source of growth over the past five years"
- M&A execution challenges
Additionally, Anthony noted "continued challenges in Europe and upcoming investment in shipping are likely to pressure top-line growth rates."
To reflect these concerns, Anthony lowered his FY17 and FY18 EBITDA estimates to $1.50 and $2.26, respectively.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.