Pitney Bowes (PBI) Stock

Does Pitney Bowes (PBI) have what it takes to be a top stock pick for momentum investors? Let's find out.

Pitney Bowes (PBI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

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Pitney Bowes (PBI) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Pitney Bowes is undergoing a significant turnaround with $150-170 million in cost savings projected for 2024, making the stock a strong buy. The sale of the loss-making Global Ecommerce segment will eliminate $136 million in annualized losses, streamlining operations and boosting profitability. Despite high debt levels, PBI's strategic deleveraging efforts and cost-saving measures are expected to unlock capital for debt repayment and shareholder-friendly programs.

PBI stock presents an attractive investment opportunity, driven by its robust financial recovery, undervalued valuation and optimistic growth prospects.

Pitney Bowes' exit from the struggling Global Ecommerce business and cost optimization efforts have led to improved profitability and cash flow. Hestia Capital's influence on the board and strategic plans aim to streamline operations and enhance shareholder value, despite initial resistance. The company's focus on Presort Services and SendTech Solutions, along with debt reduction, positions it for future growth and profitability.

PBI stock offers a compelling investment opportunity, given its strong financial recovery, undervalued stock price and promising growth outlook.