Added to YB: 2024-09-30
Pitch date: 2024-09-27
PBI [bullish]
Pitney Bowes Inc.
+55.98%
current return
Author Info
Company Info
Pitney Bowes Inc., operates as a technology-driven company that provides SaaS shipping solutions, mailing innovation, and financial services to small businesses, large enterprises, and government entities around the world.
Market Cap
$1.6B
Pitch Price
$6.81
Price Target
15.00 (+41%)
Dividend
3.12%
EV/EBITDA
7.94
P/E
24.27
EV/Sales
1.83
Sector
Commercial Services and Supplies
Category
turnaround
Of Mice and Men and Pitney Bowes $PBI
PBI: New mgmt post-Hestia takeover. Closing unprofitable GEC division, $140-160M annual cost savings, $240M working capital release. 2024 EBIT guidance $340-355M. P/E ~8-9x. $15 price target requires 10x P/E, 1x P/S. Turnaround plan: cost cuts, deleveraging, potential M&A. Buying opportunity if dips below $6.
Read full article (6 min)