Professional
Added to YB: 2021-02-09
Pitch date: 2021-02-09
PBI [bullish]
Pitney Bowes Inc.
+103.43%
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
$7.60
Price Target
N/A
Dividend
2.28%
EV/EBITDA
7.67
P/E
18.83
EV/Sales
2.18
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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