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Stamps.com (STMP) is a stock which has rapidly fallen from grace. Naturally, this appeals to my contrarian, deep value stance. Stamps.com is trying very hard to steady its footing.
For now, its valuation, despite being more attractive, is still slightly expensive for this value investor.
Changing My Mind
Back in March 2019, when the share price was approximately $83, I wrote an article titled, My Lessons In Sunken Cost Bias, and here is an excerpt:
[I was] spending time trying to figure out why investing in this company could