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Anyone know much about Pitney Bowes (PBI)?
Posted on 8/23/12 at 2:22 pm
Posted on 8/23/12 at 2:22 pm
The stock has been pretty beat up over the past year. It is paying an 11% dividend. Anyone know what is running the stock down? What is the continued downside? Sure is looking pretty good to me.
2
Posted on 8/23/12 at 2:27 pm to Kingpenm3
quote:
What is the continued downside?
Isn't their primary business making postage machines?
I think I would compare them to companies that made buggy whips in the early 20th century. That horseless carriage will never catch on!
This post was edited on 8/23/12 at 2:29 pm
Posted on 8/23/12 at 7:00 pm to Martavius
I remember as a kid in the 90s they marketed that postage machine with Cliff from Cheers.
Posted on 8/24/12 at 12:05 am to Kingpenm3
The negatigers still have control with 30% short interest and someone made a huge put bet earlier in the week.
It's a classic value trap. Don't be fooled by the cash flows and improving margins and earnings. The elephant in the room is the declining revenue due to an obsolete business model in an obsolete industry. The recent USPS numbers confirm it. The balance sheet isn't in that great of shape either.
Management is trying to diversify into other enterprise software solutions revolving around CRM, HR, and document management. They made a few aquisitions the last few years, but the recent announcements have all been partnerships.
It's a speculative play. I'm long at $14 per. Those 60 million shares have to cover at some point and I think we'll start to see it now that we're getting support in it's current range. That coupled with revenue growth, any revenue growth, and it could go on a nice run. I'm willing to be patient due to the dividend yield.
I'm not an expert. Equities in Dallas is not my day job. I'm not in it for the long term. I'm not willing to lose all of my money. Europe, the fiscal cliff, and the election are all wild cards. The market may be due for a correction. Do your own research and make your own informed decisions or consult with a professional.
It's a classic value trap. Don't be fooled by the cash flows and improving margins and earnings. The elephant in the room is the declining revenue due to an obsolete business model in an obsolete industry. The recent USPS numbers confirm it. The balance sheet isn't in that great of shape either.
Management is trying to diversify into other enterprise software solutions revolving around CRM, HR, and document management. They made a few aquisitions the last few years, but the recent announcements have all been partnerships.
It's a speculative play. I'm long at $14 per. Those 60 million shares have to cover at some point and I think we'll start to see it now that we're getting support in it's current range. That coupled with revenue growth, any revenue growth, and it could go on a nice run. I'm willing to be patient due to the dividend yield.
I'm not an expert. Equities in Dallas is not my day job. I'm not in it for the long term. I'm not willing to lose all of my money. Europe, the fiscal cliff, and the election are all wild cards. The market may be due for a correction. Do your own research and make your own informed decisions or consult with a professional.
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