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STMP - Stamps.com (Video): Upside Potential Is No Longer As Attractive
Stamps.com Inc.
Investment Thesis
Stamps.com (STMP) has been on a very strong run, and even though the momentum may continue, investors will struggle to see much more upside potential now.
Growth Rates Are Fizzling Out
Stamps.com had a very challenging 2019 when it lost a very favorable contract with UPS (UPS). But that is now old news. Indeed, Stamps.com and UPS have reignited their partnership earlier in 2020. And the share price has been on a strong rally and repriced significantly higher.
Having said that, Stamps.com's revenue growth rates are now back at