Volly is about twenty years too late. Businesses are looking at how they can get away from PB, not at purchasing more services from it. I can't see many IT departments getting behind a wonky PB software solution simply because there's PB equipment in the company's mailroom, yet Murray Martin et al act like they're a shoo-in at their mail customers.
The dividend is being propped up at the moment by the job cuts. Mike Monahan seemed to indicate on the earnings call that this is the end of the "transformation," and yet the company remains very dependent on mail. Listening to Cramer, he acts like they haven't even started the "transformation" yet!
I hope CNBC earned something for this PR puff piece.
Thanks for sharing. I too only have only a few hundred shares (500)from much lower. I have been thinking about selling out-of-the-money covered calls, but they currently don't offer much return. The upside might be greater? And, gotta love the dividend. GLTA