Seeking Alpha

The squeeze is on at Pitney Bowes after earnings and divestiture

  • Pitney Bowes (PBI +11.5%) soars a day after it showed more profit than anticipated in Q2.
  • The decision to sell its management services business to Apollo Global Management for $400M is expected to help the company operate more leanly.
  • Short interest is very high on PBI which could be affecting trading.
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Comments (4)
  • mikeurl
    , contributor
    Comments (442) | Send Message
     
    Wow, a 13% day. When I saw the GAAP earnings, the miss on revenue and the lowered guidance I thought the stock would take a hit. but it appears the expectations are so low for PBI that anything short of imminent bankruptcy is enough to make the stock soar.

     

    Not that I'm complaining. I have a substantial long interest and I think the company is fundamentally undervalued because no one ever made all its parts work together. I believe Marc is the man to stitch this company back together into an organization that makes sense.
    30 Jul 2013, 04:49 PM Reply Like
  • rosenose
    , contributor
    Comments (2793) | Send Message
     
    I also was long, TOO long a wait.. so I got out today pretty even and glad of it....I wish the best to anyone that wants to stay longer than I did.
    30 Jul 2013, 05:23 PM Reply Like
  • jasonp162
    , contributor
    Comments (2) | Send Message
     
    I am long and sticking it out, the future holds positive for INTC.
    30 Jul 2013, 09:40 PM Reply Like
  • jasonp162
    , contributor
    Comments (2) | Send Message
     
    Oops, I meant PBI, tipped my hand on INTC.
    30 Jul 2013, 09:40 PM Reply Like
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