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Stamps.com Slammed As USPS Renegotiates With Resellers

Stamps.com’s stock plummetted after reporting First Quarter 2019 financial results following termination of USPS discount contracts. Adding to the company’s woes is news the USPS is negotiating lower rates directly with Stamps.com resellers.

“It appears the USPS is now negotiating with multiple resellers for lower rates, which would negatively impact Stamps’ reseller revenues,” Northland Capital Markets analyst Tim Klasell wrote in a note to clients … (click to read more)

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