2024-02-08 05:51:03 ET
Summary
- Pitney Bowes has announced a cost reduction program that could positively impact future free cash flow growth.
- The company expects new net sales growth driven by strong volumes of domestic parcels, network productivity, and new technological solutions in the e-commerce business.
- The sale of assets and divisions in the past suggests that there may be new transactions in 2024, which could boost the company's balance sheet.
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Pitney Bowes: Cost Reduction Program, Strong Domestic Parcel Volumes, And Undervalued