It is interesting how everyone looks at Critelli's stock purchase manipulation and low volume chart action as a reason to buy this stock.
Credit card statements and many other mail fuctions are all going to the internet. Efaxes, estamps and the lack of PBI capital division to hide actual financials will eventually devastate this company. Dividends will be cut and as the captain said this is not a growth company.
Voting today could also play a big role in a PBI correction.
It is interesting to note that most of the trend analysis by AIIM and other industry research organizations are cliaming that paper usage is on the rise. Consider that direct mail is more effective than web messages. Pitner Bowes has focused on providing clients with the ability to target market with messages customized to certain individuals ... quite facinating how they have re-engineered the company through acquisitions.
PB also has a unique value proposition which seems to be well received. The challenge is in creating a unified sales approach to maximize ROI on its investments.
I'd be please to send links if you are interested. I believe I bought at the right time and am increasing my holdings!