The Q2 conference call included Q3 guidance which was lowed from previous projections.
Sometimes this has the effect that suggests, "The bad news is priced in," and the only
direction for the stockprice is upwards --- since the logic could be PBI has an easier chance to now
"suprise" and make or beat its Q3 numbers.
Hey, if wall street wishes to push the stockprice up and thus reward mediocrity, uhhh (ahem)
do your own due diligence.... Let's just say it seems wall street is a contrary market.
New, skilled management from top to bottom dumping low-margin segments. The pop in share price came from the new team. Watch for earnings and guidance on October 29. Selling for 11X estimated 2013 earnings and with a secure 4 percent dividend. Shorts should be very nervous.