Stamps.com’s (STMP) Q4 ’19 results reflected another big beat, although the upside was not particularly surprising from our perspective given the read-through from the United States Postal Service’s (USPS) peak season performance. Management’s initial outlook for FY ’20 was quite unexpected, however, and far better than we dared to hope.
Read MoreIn a recent request by the United States Postal Service (USPS) to add Priority Mail Express, Priority Mail & First Class Package Service Contract 67 to the competitive product list, we came across a provision within the negotiated service agreement (NSA) that we have not seen in any contracts previously reviewed.
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