Pitney Bowes: Cost Reduction Program, Strong Domestic Parcel Volumes, And Undervalued
PBIPitney Bowes(PBI) Seeking Alpha·2024-02-08 18:51
FG TradePitney Bowes Inc. (NYSE:PBI) recently announced a company-wide cost reduction program, which I believe could have a beneficial effect on future FCF growth. In addition, I would expect new net sales growth driven by strong volumes of domestic parcels, network productivity, and new technological solutions in the e-commerce business. Furthermore, given previous sale of assets and divisions in the past, we could expect new transactions in 2024, which may boost the balance sheet. These are good reaso ...