Added to YB: 2024-09-30
Pitch date: 2024-09-27
PBI [bullish]
Pitney Bowes Inc.
+150.47%
current return
Author Info
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Company Info
Pitney Bowes Inc. provides digital shipping solutions, mailing innovation, and financial services worldwide.
Market Cap
$2.3B
Pitch Price
$6.72
Price Target
15.00 (-11%)
Dividend
2.38%
EV/EBITDA
7.68
P/E
16.41
EV/Sales
2.26
Sector
Commercial Services and Supplies
Category
turnaround
Show full summary:
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)