Wednesday, November 13, 2013

2014 Stock Candidate #1:Pitney Bowles (US)

The local stock market is really unhappening these days, with many listless stocks. It is in the US that things are more exciting, with many stocks that are in nice uptrends. Using the T3B screener, I have located one such stock, Pitney Bowles (PBI, NYSE).

This company, which was once known solely for its postage machines, now provides hardware, software and services to integrate physical and digital communication channels.

Recently, the company announced the completion of the sale of its management services business for $400 million. It said it will use the proceeds to pay down debt.
On Oct. 29, the company reported Q3 earnings that were $0.09 higher than the Zacks consensus estimate, and the stock jumped to a new high over $22. (source: InvestorPlace Insights)


As can seen from the chart above, the stock has doubled this year, and the best time to buy was actually around September. Looks overextended now, and will be watching for pullback to consider entering this stock.

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