Stamps.Com

[vanzandt]

STMP ($86)
Down $110. 56%
....Imagine waking up to that.

 

[Scataphagos]

No news about a stock split?

Looking at the chart, it could be bearish. That kind of thing happens in bear markets.

 

[vanzandt]

No news about a stock split?

Looking at the chart, it could be bearish. That kind of thing happens in bear markets.

They lost their contract with the USPS lol.
Think that's bearish for a company that sells stamps?

 

[Scataphagos]

They lost their contract with the USPS lol.
Think that's bearish for a company that sells stamps?

Uh, yeah. Ouch! So much for "trading on funamentals".

 

[Option_Attack]

They went negative!!??

Yeah I know, you meant $110, 56%

STMP ($86)
Down $110. 56%
....Imagine waking up to that.

 

[S2007S]

I can't believe how much this stock ran prior to this news. Just a company selling stamps online....

 

[Scataphagos]

I can't believe how much this stock ran prior to this news. Just a company selling stamps online....

If the company's "major product" is (1) buying USPS stamps/shipping at wholesale, then (2) selling the same to the public at retail, how much profit margin could there be? How much of a multiple would be justified?

Seems much of the "market" works the same. So long as the "Fed has got this", don't be surprised by more of the same.

 

[Arnie]

PBI getting a lift on news

 

[zdreg]

it has been a very long time. as I remember the public could create their own stamps to send through the US mail. that was the basic of the contract.

 

[vanzandt]

They were actually one of the original dot-com babies.
They ipo'd at around $30 and in true dot-com form, ran to $180 in less than a year.
A year later they were $6 and pretty much stayed under $20 for the next 12 years.
Tough old stock I guess.
Back to the $20's?