Price Pain a Boon for Stamps.com
The past year has seen an ample of amount of drama going around. No, I'm not talking about the stock market, nor am I talking politics and the pending presidential election. Rather, what I am referring to is the post office. Over the last year, the fate of the U.S. Postal Service has been a drama-filled saga with on-and-off again talk of post offices closings, of shuttering mail processing plants, of workforce reductions and more. While I don't use the post office for much, there are a number of companies, institutions and people that rely on its services. For those consumers, the cost-reductions strategies become a pain point, and investors love pain points as a way of identifying opportunity.
Last year, the USPS warned Congress that, without the passage of new legislation to overhaul its finances, it would have to start far-reaching cuts in service and its workforce or face a possible default. Struggling with bloated workers' compensation costs, the USPS proposed closing 3,700 post offices and 250 mail-processing centers, not to mention eliminating Saturday delivery, as a way to cuts costs. In April, the Senate passed an overhaul that clears the way for closing hundreds of post offices nationwide. ...463 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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