Gains In the Mail?
After U.S. mail management company Pitney Bowes posted a better-than-expected quarterly profit, Cramer said Wednesday it's time to take a look at its stock.
A mail stream technology company, Pitney Bowes provides mail processing equipment and integrated mail solutions. It may help a bank, for example, print and securely mail statements. Admittedly, Cramer doesn't think U.S. mail is a good business to be in. The good news is Pitney Bowes is now concentrating on building new businesses that have more growth, including Web-based communications systems and cloud computing. As it grows those businesses, Pitney Bowes pays shareholders a 5.7 percent dividend yield. The company has boosted its dividend for the last 29 consecutive years.
Cramer thinks this is a "pro-stockholder" company with a bright future. For an update on how its new ventures are going, he welcomed CEO Murray Martin onto "Mad Money." See the complete interview by watching the video.
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