Is Stamps.com a First-Class Investment Again?
The past 12 months for Stamps.com (NASDAQ: STMP) tell two different stories. Following the company's announcement in February that it was giving up its exclusive deal with the U.S. Postal Service, its stock price dropped from $198.08 to $83.65 in a single market day, on its way down to $33.47 by the end of May. On the other hand, its recent announcement of a special partnership with UPS and indications that favorable rates will continue with USPS through at least 2020 have renewed some investors' confidence.
Is Stamps.com still in rough shape after losing its primary business partner, or is it an undervalued gem showing adaptability, resilience, and a far-sighted management team?
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Source Fool.com
