Will it stick?Stamps.com Inc. executives are big believers in the stock, but the Santa Monica-based online postage See PC Postage. company has also attracted some detractors in recent weeks. Between July 15 and Aug. 15, short interest in Stamps.com surged by 89.3 percent, one of the highest increases among Nasdaq stocks. On Aug. 16, a Street.com columnist, Hal Uy, recommended shorting the stock after determining the company's personalized postage stamps This is a list of postage stamps that are especially notable in some way. The best-known stamps:
Even so, Stamps.com's stock has risen sharply, to $14.01 on Aug. 26 from $9.83 on July 14. The personalized stamps, now in a trial that runs through September, are being evaluated by the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. for demand as well as security and the way Stamps.com and the Postal Service postal service, arrangements made by a government for the transmission of letters, packages, and periodicals, and for related services. Early courier systems for government use were organized in the Persian Empire under Cyrus, in the Roman Empire, and in medieval handle their processing. "We feel that if we're able to show all those things to the Postal Service we'll have similar results to what we've had before, and get full approval near the end of the test process," said Stamps.com Chief Executive Ken McBride Recently, Stamps.com insiders have purchased more than $2 million in company stock, according to Thomson Financial Thomson Financial A major provider of information, analytical tools, and consulting services to the financial community. The firm, a division of Thomson Corporation, is best known to investors for its First Call segment, which publishes consensus earnings . Most came from Kevin Douglas, a board member who also heads Douglas Telecommunications Inc. in San Rafael. Douglas purchased 177,500 shares valued at just under $2 million, bringing his total stake to 1.6 million shares. McBride said Douglas "feels good about the future of the company and wants to add to his position." |
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