Stamps.com of Approval
Just a few weeks ago I introduced Stamps.com (STMP) as a way to play the looming pain point associated with the U.S. Postal Service. In that time the shares have climbed 2% compared to the flat performance of the S&P 500, leaving ample upside in STMP shares as the issues surrounding the USPS intensify.
As I noted a few weeks ago, after the uproar over closing hundreds of rural post offices subsided, the Postal Service recently introduced its POStPlan initiative that would reduce hours at 13,000 post offices from eight hours a day to six, four and in some cases two. Sifting through the documents we find that of the 13,000 post offices, roughly 53% would see their hours reduced to just four hours per day, with 14% open only two hours per day and the balance open for six hours per day....416 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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