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STMP - Shopify and Stamps.com Rise on Buyout Speculation
Stamps.com Inc.
Will we soon be buying postage stamps from Shopify(NYSE: SHOP)? Citron Research very much thinks so; it believes the retail tech solutions company will purchase Stamps.com(NASDAQ: STMP).
Citron, the often highly critical stock-commentary site, explained its reasoning in a tweet posted Monday morning. "Valuation gap has never been larger. On [forward 12-month] EV/Sales, [Shopify] at 44x vs. [Stamps.com] at 6x and [Stamps.com] is the proven leader in online postage... the essential tool for small biz not owned by [Shopify]," Citron wrote.