The United States Postal Service (USPS) unveiled its ten-year plan, “Delivering For America,” to achieve financial sustainability and service excellence. Consistent with postal reform efforts in recent years, much of the plan hinges upon legislative actions and regulatory changes, including the elimination of mandates requiring the USPS to prefund retiree health benefits, full integration of Postal Service-specific health plans with Medicare, and increased pricing flexibility for market dominant products i.e. traditional mail.
Read MoreSoftware stocks were largely in the red this week, but we were encouraged to see Stamps.com (STMP) double the size of its current share repurchase authorization to $120 million in response to the market volatility of late.
Read MoreAmid declines in the number of COVID-19 cases across the U.S. and with another round of stimulus on the horizon, investors and management teams alike appear sanguine about the outlook for 2021.
Read MoreSalesforce’s (CRM) 2020 Holiday Shopping Report revealed that online spending by consumers increased 50% Y/Y to $1.1 trillion worldwide and rose 43% Y/Y to $236 billion in the U.S. Domestically, initiatives to pull forward holiday spend fueled an 82% Y/Y increase in Pre-Cyber Week sales.
Read MoreWe have included several news items from last week to this week’s recap as there were some notable developments during the shortened holiday week. The most pertinent to us was the publication of the United States Postal Services’ monthly trial balance data prior to Thanksgiving, which revealed a 39% Y/Y increase in PC Postage revenue in October.
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