As I examined the recent drop, a couple of things startled me. I found the following on The Fool written by luvb2b:

"You can Google VistaPrint complaints and you'll get the idea. The company has been scamming customers a bit by tricking them into subscriptions. The last two quarters the revenues fell off sharply, and so did the margins. Those margins and revenues are not going to come back, unless they come up with a new way to scam customers into paying for subscriptions. Those subscriptions basically goosed the revenue and margin figures over the last year or two, so historical comparisons are not really relevant. The other interesting item is that they are adding a plant in Australia. Australia? This is one of the highest cost places to do business in the Asia-Pacific region with minimum wage around $15 per hour. This plant has to hurt margins and I can't explain why they would not have put it in Malaysia or Thailand instead. Finally the earnings estimates here are totally screwy. The company issues huge amounts of stock/options every year but it seems analyst estimates are based on non-GAAP figures which exclude stock based compensation. The true future earnings power of this company is less than $2 per share on a GAAP basis, and frankly I'm not even sure it will do anything close to that because of the margin pressures they will face. At $35 the market is valuing the stock around 2x projected sales and 20x forward EPS when they are running single digit net profit margins and flat to declining revenues. For now they blamed their profit and sales shortfall on currency fluctuations, so it may take one or two more quarters for everyone to see how low the margins really are and that prior growth was partially manufactured by duping customers into paying for subscriptions. There are much better quality technology companies available at these valuations today."

I looked into this and have to agree with this assesment. Because of this, we are dropping VPRT out of our top five tech companies