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STMP - Stamps.Com: Amazingly The Biggest Shoe Is Yet To Drop
Stamps.com Inc.
And you thought the other one was big.
Given how much Stamps.com (STMP) is down today (56.7% as of this writing, to $85.80), you could be excused for thinking that Stamps.com had already announced the worst possible news.
That news was about it ending a partnership with USPS. And then, on the heels of it, guiding down massively for 2019:
$540-$570 million revenues versus $689 million expectations.
$5.15-$6.15 non-GAAP EPS vs. $10.86 expectations.
So you probably think "that’s the worst of it." Sure, imponderables remain regarding Stamps.com’s customer reaction to new fees, as