Stamps.Com

Discussion in 'Stocks' started by vanzandt, Feb 22, 2019.

  1. vanzandt

    vanzandt

    STMP ($86)
    Down $110. 56%
    ....Imagine waking up to that.
     
  2. No news about a stock split?

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

    vanzandt

    They lost their contract with the USPS lol.
    Think that's bearish for a company that sells stamps? :D
     
  4. Uh, yeah. Ouch! So much for "trading on funamentals". :)
     
    vanzandt likes this.
  5. They went negative!!??

    Yeah I know, you meant $110, 56% :D

     
  6. S2007S

    S2007S

    I can't believe how much this stock ran prior to this news. Just a company selling stamps online....
     
  7. 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.
     
    Last edited: Feb 22, 2019
  8. Arnie

    Arnie

    PBI getting a lift on news
     
  9. zdreg

    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.
     
    Last edited: Feb 22, 2019
  10. vanzandt

    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. :D
    Tough old stock I guess.
    Back to the $20's?
     
    #10     Feb 22, 2019