Professional
Added to YB: 2021-02-09
Pitch date: 2021-02-09
PBI [bullish]
Pitney Bowes Inc.
+34.8%
current return
Author Info
No bio for this author
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
$1.5B
Pitch Price
$7.66
Price Target
N/A
Dividend
3.49%
EV/EBITDA
7.55
P/E
21.71
EV/Sales
1.74
Sector
Commercial Services and Supplies
Category
turnaround
Choice Equities Capital holding: Pitney Bowes (PBI)
PBI: Overlooked 100yr old "mail co" w/ promising ecommerce biz. Refocused on shipping, financing & mailing. Global Ecommerce grew to $1B+ (40% of co) pre-COVID. Q4 '20: domestic parcels +76% YoY, now #4 in top 1000 e-retailers. Upside case: $1+ EPS in 2 yrs (8-12% op margin in ecommerce). Low downside risk at 3% div yield, 20% FCF yield. Shares +90% on short squeeze pre Q4, took profits. Repurchased lower as SendTech decline slowed & peers pushing prices. Upcoming analyst day key.
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