PBI($7.52) sold half today in the $7.50, earnings tommorrow.
On the one side you have the sexy 'ecommerce package delivery biz which has the great combination of growing demand probably for a while and pricing power. Negative on that side is how much will PBI in the short run need to increase spending there to ramp up their infrastructure. And the flip side is the not so pretty legacy biz... which is profitable and should remain profitable, but its a boring stamp biz.
Anyhow, story is great, but I cut my PB inventory some as 1) its up 50% on my buys intraquarter, and 2) it may be hard to tell how good the quarter is from the pr read through given the growing area is money losing up till now. Sold those shares in the low $7.50's today. May sell more... not sure.
best.
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