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Pitney Bowes (PBI): Q4 EPS of $0.56 beats by $0.06. Revenue of $1.29B (-1% Y/Y) in-line. (PR)

Pitney Bowes (PBI): Q4 EPS of $0.56 beats by $0.06. Revenue of $1.29B (-1% Y/Y) in-line. (PR)
Comments (3)
  • 30% short interest and this beat = mother of all squeezes.
    31 Jan 2013, 08:37 AM Reply Like
  • Great news. Doom and gloom guys are running for the hills. PBI is NOT a Kodak.
    31 Jan 2013, 09:46 AM Reply Like
  • The whole short-driven decline was ridiculous. PBI has too much cash and too much cash flow to go away any time soon. They can also hire talent that can execute better.

     

    Holding the div level was prudent. I'm hopeful they won't cut it though one can understand why they'd stop increasing it for a while.

     

    As, by far, my single largest holding I obviously had a good day. My belief that the wall street crowd was a little too quick to write PB off was right. That hardly means the company is out of the woods. They have a lot of execution to get right. And frankly we won't know all that much until May so all the trigger fingers today really were buying/covering based on very little new news. They're all idiots.
    31 Jan 2013, 05:05 PM Reply Like
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