Security in Focus: Pitney Bowes ($PBI)

We like PBI here after reviewing its 10k and valuation. At at 6.5x multiple, we're comfortable on the open with 1/2 position common, at $6.83. At this level, no stop loss, no hedge despite a 2x beta of late. If price were to fall to $6.25, we'd add another 1/4 (3/4) to the opening position. Earnings 5/7/19 #NotInvestmentAdvice #NoPosition #PBI