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Stamps.com Inc. Message Board

  • tazmo85048 tazmo85048 Feb 13, 2013 6:20 PM Flag

    Based on new estimates....

    Well, I am going to wait for the stock to level off, probably around these levels unfortunately. I got hit pretty hard since I am in at 26. But it you take the low end of the estimates ($1.75) the stock is at 12x earnings. I really like the business model that they have, but usually when things like these happen, the stock doesn't move for a while. Still, the low print today or tommorow is probably the low, maybe 22 would be the top of a new range until we get some better news. I have to look at it more, but bottom line, I think that the business they are in should continue to grow at a decent rate. Not selling not buying, but incliined to buy once it levels out.

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70.51+1.91(+2.78%)Aug 3 4:00 PMEDT