Gilford Securities Reiterates Valassis Buy (VCI)

Gilford Securities reiterated its Valassis Communications VCI Buy in a research report published today. In the report, Gilford Securities states, "Stock sell-off after a “noisy” earnings seems overdone to us as VCI is likely to buyback $193MM and to boost its conservative ‘11E guidance at least once, maybe twice, as they've done before. Expect the potl. buyback of ~6MM shrs. to kick off in March. 4%-6% rev. growth is mostly back-loaded, as Q1 has Easter shift and some attrition from new price increase initiative." Shares of Valassis Communications were trading at $31.00 at the time of posting, down 6.26% from Wednesday's market close.